Sumitomo Life Insurance Co. Trims Position in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Sumitomo Life Insurance Co. trimmed its position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 86.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,700 shares of the company’s stock after selling 256,700 shares during the quarter. Sumitomo Life Insurance Co. owned approximately 0.09% of iShares Core U.S. REIT ETF worth $2,383,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Range Financial Group LLC grew its position in iShares Core U.S. REIT ETF by 2.1% during the second quarter. Range Financial Group LLC now owns 14,836 shares of the company’s stock worth $795,000 after buying an additional 309 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares Core U.S. REIT ETF by 5.4% during the first quarter. Janney Montgomery Scott LLC now owns 6,869 shares of the company’s stock worth $370,000 after purchasing an additional 350 shares in the last quarter. Insight Advisors LLC PA increased its position in shares of iShares Core U.S. REIT ETF by 3.2% in the second quarter. Insight Advisors LLC PA now owns 11,519 shares of the company’s stock worth $617,000 after purchasing an additional 361 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in iShares Core U.S. REIT ETF by 15.1% in the third quarter. Concourse Financial Group Securities Inc. now owns 3,019 shares of the company’s stock valued at $186,000 after purchasing an additional 395 shares in the last quarter. Finally, Private Client Services LLC lifted its position in iShares Core U.S. REIT ETF by 3.1% during the second quarter. Private Client Services LLC now owns 13,792 shares of the company’s stock valued at $739,000 after purchasing an additional 417 shares during the last quarter.

iShares Core U.S. REIT ETF Stock Performance

USRT traded up $0.63 during trading on Wednesday, reaching $61.61. The stock had a trading volume of 21,667 shares, compared to its average volume of 228,163. The business has a 50-day moving average of $60.21 and a 200-day moving average of $55.53. iShares Core U.S. REIT ETF has a one year low of $43.76 and a one year high of $62.94. The stock has a market cap of $2.69 billion, a PE ratio of 26.47 and a beta of 0.97.

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.