Cresset Asset Management LLC Decreases Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Cresset Asset Management LLC reduced its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 12.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,450 shares of the real estate investment trust’s stock after selling 773 shares during the period. Cresset Asset Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IYR. Barclays PLC lifted its stake in shares of iShares U.S. Real Estate ETF by 5,921.5% during the 3rd quarter. Barclays PLC now owns 9,995,406 shares of the real estate investment trust’s stock worth $1,018,232,000 after purchasing an additional 9,829,412 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter worth $4,724,000. Alhambra Investment Management LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 19.1% during the 4th quarter. Alhambra Investment Management LLC now owns 3,986 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 640 shares during the last quarter. Financial & Tax Architects LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 14.3% during the 4th quarter. Financial & Tax Architects LLC now owns 7,263 shares of the real estate investment trust’s stock worth $676,000 after purchasing an additional 909 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 55.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 6,039 shares of the real estate investment trust’s stock worth $562,000 after purchasing an additional 2,159 shares during the last quarter.

iShares U.S. Real Estate ETF Price Performance

Shares of NYSEARCA IYR opened at $92.67 on Thursday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 31.19 and a beta of 1.02. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $104.04. The business has a fifty day moving average price of $92.80 and a 200 day moving average price of $95.19.

iShares U.S. Real Estate ETF Company Profile

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).