Shum Financial Group Inc. Purchases Shares of 22,271 iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Shum Financial Group Inc. acquired a new position in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,271 shares of the company’s stock, valued at approximately $1,350,000. iShares Core U.S. REIT ETF makes up 1.1% of Shum Financial Group Inc.’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in iShares Core U.S. REIT ETF in the second quarter valued at $33,000. Cetera Investment Advisers raised its stake in iShares Core U.S. REIT ETF by 1,003.3% in the first quarter. Cetera Investment Advisers now owns 55,221 shares of the company’s stock valued at $2,971,000 after buying an additional 50,216 shares during the period. Cetera Advisors LLC lifted its position in shares of iShares Core U.S. REIT ETF by 10.6% in the first quarter. Cetera Advisors LLC now owns 15,242 shares of the company’s stock valued at $820,000 after buying an additional 1,467 shares during the last quarter. Biltmore Wealth Management LLC boosted its stake in shares of iShares Core U.S. REIT ETF by 24.7% during the 3rd quarter. Biltmore Wealth Management LLC now owns 193,566 shares of the company’s stock worth $11,918,000 after acquiring an additional 38,296 shares during the period. Finally, Aptus Capital Advisors LLC increased its holdings in shares of iShares Core U.S. REIT ETF by 83.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 17,860 shares of the company’s stock worth $957,000 after acquiring an additional 8,117 shares during the last quarter.

iShares Core U.S. REIT ETF Price Performance

iShares Core U.S. REIT ETF stock traded down $0.19 during mid-day trading on Tuesday, hitting $61.84. 11,385 shares of the company’s stock traded hands, compared to its average volume of 229,905. The firm has a 50 day simple moving average of $60.87 and a two-hundred day simple moving average of $57.50. iShares Core U.S. REIT ETF has a fifty-two week low of $48.59 and a fifty-two week high of $62.94. The stock has a market cap of $2.70 billion, a price-to-earnings 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.