iShares U.S. Real Estate ETF $IYR Shares Sold by Covenant Asset Management LLC

Covenant Asset Management LLC decreased its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,862 shares of the real estate investment trust’s stock after selling 210 shares during the quarter. Covenant Asset Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $650,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IYR. Jones Financial Companies Lllp raised its holdings in iShares U.S. Real Estate ETF by 43,235.4% in the 1st quarter. Jones Financial Companies Lllp now owns 913,511 shares of the real estate investment trust’s stock worth $95,014,000 after purchasing an additional 911,403 shares during the period. Citigroup Inc. increased its stake in iShares U.S. Real Estate ETF by 1,580.5% during the 1st quarter. Citigroup Inc. now owns 724,731 shares of the real estate investment trust’s stock worth $69,393,000 after buying an additional 773,682 shares in the last quarter. Maven Securities LTD increased its stake in iShares U.S. Real Estate ETF by 111.2% during the 1st quarter. Maven Securities LTD now owns 74,443 shares of the real estate investment trust’s stock worth $7,128,000 after buying an additional 741,127 shares in the last quarter. WealthNavi Inc. increased its stake in iShares U.S. Real Estate ETF by 5.4% during the 1st quarter. WealthNavi Inc. now owns 4,696,857 shares of the real estate investment trust’s stock worth $449,724,000 after buying an additional 240,853 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in iShares U.S. Real Estate ETF during the 1st quarter worth approximately $9,272,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Up 1.0%

NYSEARCA:IYR opened at $96.56 on Monday. iShares U.S. Real Estate ETF has a 12 month low of $81.53 and a 12 month high of $103.46. The stock has a 50 day moving average of $96.43 and a two-hundred day moving average of $94.67. The firm has a market cap of $3.78 billion, a P/E ratio of 35.41 and a beta of 0.91.

iShares U.S. Real Estate ETF 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).