BNP Paribas Financial Markets Increases Stake in iShares Core U.S. REIT ETF
BNP Paribas Financial Markets has significantly increased its investment in the iShares Core U.S. REIT ETF (NYSEARCA:USRT – Free Report) during the third quarter of the year. The latest report filed with the SEC indicates that BNP Paribas boosted its holdings by 83.8%. After purchasing an additional 55,898 shares, the institutional investor now owns a total of 122,604 shares of the ETF.
This increase means that BNP Paribas Financial Markets holds approximately 0.28% of the iShares Core U.S. REIT ETF, valued at around $7.55 million at the close of the most recent quarter.
Other institutional investors have also adjusted their positions in the iShares Core U.S. REIT ETF recently. For instance, Focused Wealth Management Inc acquired a new stake in the ETF during the third quarter, valued at about $30,000. Similarly, Opal Wealth Advisors LLC made a new investment during the second quarter, valued at approximately $26,000. Atwood & Palmer Inc. also purchased shares in the second quarter worth about $27,000. Ridgewood Investments LLC invested $33,000 in the same period, and Sanctuary Wealth Management L.L.C. added a stake valued at $50,000 during the third quarter.
iShares Core U.S. REIT ETF Market Performance
As of Tuesday, shares of NYSEARCA:USRT opened at $61.53. The ETF has a market capitalization totaling $2.68 billion, a price-to-earnings (PE) ratio of 26.47, and a beta of 0.97. Over the past year, the iShares Core U.S. REIT ETF has seen a low of $49.12 and a high of $63.22. Its 50-day simple moving average stands at $60.91, while the 200-day simple moving average is at $57.78.
About iShares Core U.S. REIT ETF
The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that tracks the FTSE Nareit Equity REITs index, which consists of U.S.-listed real estate investment trusts (REITs). Launched on May 1, 2007, the fund is managed by BlackRock.
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To discover what other hedge funds are holding USRT, visit HoldingsChannel.com.
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