Ellis Investment Partners LLC Trims Stock Holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Ellis Investment Partners LLC trimmed its holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,448 shares of the company’s stock after selling 404 shares during the period. Ellis Investment Partners LLC’s holdings in iShares Core U.S. REIT ETF were worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. US Bancorp DE raised its holdings in shares of 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 during the period. Trust Co of Tennessee raised its holdings in shares of iShares Core U.S. REIT ETF by 2.0% in the fourth quarter. Trust Co of Tennessee now owns 1,163,734 shares of the company’s stock worth $66,692,000 after buying an additional 22,723 shares during the period. Heritage Financial Services LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 4.1% in the fourth quarter. Heritage Financial Services LLC now owns 764,424 shares of the company’s stock worth $43,809,000 after buying an additional 30,408 shares during the period. Choreo LLC raised its holdings in shares of iShares Core U.S. REIT ETF by 1.6% in the fourth quarter. Choreo LLC now owns 575,058 shares of the company’s stock worth $32,950,000 after buying an additional 9,145 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of iShares Core U.S. REIT ETF in the third quarter worth approximately $33,794,000.

iShares Core U.S. REIT ETF Stock Down 0.5 %

USRT opened at $58.70 on Friday. The stock’s fifty day moving average is $57.79 and its two-hundred day moving average is $59.45. The company has a market capitalization of $2.56 billion, a P/E ratio of 26.47 and a beta of 0.97. iShares Core U.S. REIT ETF has a 52 week low of $49.12 and a 52 week high of $63.22.

About iShares Core U.S. REIT ETF

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.