HighTower Advisors LLC Sells 2,598 Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT)

HighTower Advisors LLC cut its position in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 406,906 shares of the company’s stock after selling 2,598 shares during the quarter. HighTower Advisors LLC owned 0.93% of iShares Core U.S. REIT ETF worth $23,320,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $25,000. IFP Advisors Inc bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $32,000. Synergy Investment Management LLC bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $42,000. Finally, Synergy Asset Management LLC bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $54,000.

iShares Core U.S. REIT ETF Stock Up 1.8 %

USRT opened at $57.06 on Friday. iShares Core U.S. REIT ETF has a 12-month low of $49.12 and a 12-month high of $63.22. The business has a 50 day moving average of $58.06 and a 200-day moving average of $59.58. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 32.68 and a beta of 1.10.

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.