iShares Core U.S. REIT ETF (NYSEARCA:USRT) is Biltmore Wealth Management LLC’s 8th Largest Position

Biltmore Wealth Management LLC grew its position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 195,124 shares of the company’s stock after purchasing an additional 1,558 shares during the quarter. iShares Core U.S. REIT ETF makes up 4.7% of Biltmore Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Biltmore Wealth Management LLC’s holdings in iShares Core U.S. REIT ETF were worth $11,183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in USRT. US Bancorp DE raised its stake in iShares Core U.S. REIT ETF by 1.5% in the third quarter. US Bancorp DE now owns 2,687,948 shares of the company’s stock worth $165,497,000 after buying an additional 39,016 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Core U.S. REIT ETF by 5.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,235 shares of the company’s stock worth $58,554,000 after acquiring an additional 58,262 shares in the last quarter. Heritage Financial Services LLC boosted its position in iShares Core U.S. REIT ETF by 2.6% during the third quarter. Heritage Financial Services LLC now owns 734,016 shares of the company’s stock valued at $45,193,000 after purchasing an additional 18,846 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in iShares Core U.S. REIT ETF by 32.1% during the second quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock valued at $34,855,000 after purchasing an additional 158,072 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in iShares Core U.S. REIT ETF in the third quarter worth about $33,794,000.

iShares Core U.S. REIT ETF Stock Performance

USRT stock opened at $55.86 on Tuesday. The firm has a 50-day simple moving average of $59.36 and a two-hundred day simple moving average of $59.01. iShares Core U.S. REIT ETF has a one year low of $49.12 and a one year high of $63.22. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97.

iShares Core U.S. REIT ETF Company Profile

The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.