Envestnet Asset Management Inc. Has $22.90 Million Stock Position in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Envestnet Asset Management Inc. lowered its holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 5.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 397,539 shares of the company’s stock after selling 22,295 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Core U.S. REIT ETF were worth $22,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in iShares Core U.S. REIT ETF in the first quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in iShares Core U.S. REIT ETF in the first quarter worth $28,000. Rothschild Investment LLC bought a new stake in shares of iShares Core U.S. REIT ETF during the first quarter worth $33,000. Copia Wealth Management bought a new stake in shares of iShares Core U.S. REIT ETF during the fourth quarter worth $71,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of iShares Core U.S. REIT ETF during the fourth quarter worth $75,000.

iShares Core U.S. REIT ETF Trading Down 1.5%

NYSEARCA USRT opened at $56.45 on Wednesday. The stock has a 50-day simple moving average of $56.85 and a 200 day simple moving average of $56.88. The company has a market capitalization of $2.95 billion, a PE ratio of 35.32 and a beta of 0.94. iShares Core U.S. REIT ETF has a 12 month low of $48.47 and a 12 month 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.