Financial & Tax Architects LLC Purchases New Position in iShares Core U.S. REIT ETF $USRT

Financial & Tax Architects LLC acquired a new position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 358,113 shares of the company’s stock, valued at approximately $22,053,000. iShares Core U.S. REIT ETF comprises approximately 4.7% of Financial & Tax Architects LLC’s holdings, making the stock its 3rd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares Core U.S. REIT ETF during the fourth quarter valued at approximately $38,000. SHP Wealth Management bought a new stake in iShares Core U.S. REIT ETF in the fourth quarter worth approximately $46,000. First Horizon Corp bought a new stake in iShares Core U.S. REIT ETF in the first quarter worth approximately $65,000. Western Wealth Management LLC bought a new stake in iShares Core U.S. REIT ETF in the first quarter worth approximately $65,000. Finally, Compass Financial Management LLC bought a new stake in iShares Core U.S. REIT ETF in the second quarter worth approximately $78,000.

iShares Core U.S. REIT ETF Stock Up 1.0%

Shares of USRT opened at $62.05 on Friday. The company’s fifty day moving average is $64.32 and its 200-day moving average is $64.95. iShares Core U.S. REIT ETF has a 12 month low of $56.44 and a 12 month high of $70.09. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 35.32 and a beta of 0.95.

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.