Biltmore Wealth Management LLC Raises Holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Biltmore Wealth Management LLC raised its stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 57.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 155,270 shares of the company’s stock after buying an additional 56,371 shares during the period. iShares Core U.S. REIT ETF accounts for approximately 3.6% of Biltmore Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Biltmore Wealth Management LLC’s holdings in iShares Core U.S. REIT ETF were worth $8,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Charles Schwab Investment Advisory Inc. grew its stake in iShares Core U.S. REIT ETF by 12.4% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 2,687,811 shares of the company’s stock worth $145,921,000 after buying an additional 295,954 shares during the last quarter. US Bancorp DE grew its position in iShares Core U.S. REIT ETF by 31.6% during the fourth quarter. US Bancorp DE now owns 2,368,681 shares of the company’s stock valued at $128,596,000 after acquiring an additional 568,833 shares during the period. Fiducient Advisors LLC boosted its position in shares of iShares Core U.S. REIT ETF by 25.1% in the fourth quarter. Fiducient Advisors LLC now owns 805,668 shares of the company’s stock worth $43,740,000 after buying an additional 161,645 shares during the period. Choreo LLC lifted its stake in shares of iShares Core U.S. REIT ETF by 9.5% in the fourth quarter. Choreo LLC now owns 593,359 shares of the company’s stock worth $32,213,000 after acquiring an additional 51,552 shares in the last quarter. Finally, Mission Wealth Management LP lifted its stake in shares of iShares Core U.S. REIT ETF by 13.5% in the first quarter. Mission Wealth Management LP now owns 522,438 shares of the company’s stock worth $28,107,000 after acquiring an additional 62,145 shares in the last quarter.

iShares Core U.S. REIT ETF Stock Up 0.7 %

Shares of NYSEARCA:USRT traded up $0.43 during trading on Friday, hitting $57.77. 80,599 shares of the company traded hands, compared to its average volume of 232,992. iShares Core U.S. REIT ETF has a one year low of $43.76 and a one year high of $58.01. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97. The business’s fifty day moving average is $54.59 and its 200-day moving average is $53.03.

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.