Magnus Financial Group LLC grew its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,158 shares of the real estate investment trust’s stock after acquiring an additional 6,282 shares during the period. iShares U.S. Real Estate ETF comprises approximately 1.2% of Magnus Financial Group LLC’s holdings, making the stock its 18th biggest holding. Magnus Financial Group LLC owned about 0.45% of iShares U.S. Real Estate ETF worth $17,883,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in IYR. WealthNavi Inc. raised its position in iShares U.S. Real Estate ETF by 2.9% in the first quarter. WealthNavi Inc. now owns 6,010,249 shares of the real estate investment trust’s stock valued at $568,329,000 after purchasing an additional 171,312 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at about $399,722,000. Bank of America Corp DE raised its holdings in shares of iShares U.S. Real Estate ETF by 12.7% during the 1st quarter. Bank of America Corp DE now owns 1,292,491 shares of the real estate investment trust’s stock valued at $122,218,000 after buying an additional 145,840 shares during the period. SG Americas Securities LLC lifted its position in iShares U.S. Real Estate ETF by 123.4% during the 1st quarter. SG Americas Securities LLC now owns 403,457 shares of the real estate investment trust’s stock worth $38,151,000 after acquiring an additional 222,825 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in iShares U.S. Real Estate ETF in the third quarter valued at approximately $37,723,000. Institutional investors and hedge funds own 98.41% of the company’s stock.
iShares U.S. Real Estate ETF Trading Down 0.9%
NYSEARCA IYR opened at $97.07 on Thursday. iShares U.S. Real Estate ETF has a 52 week low of $92.45 and a 52 week high of $108.17. The stock has a market cap of $4.07 billion, a P/E ratio of 35.41 and a beta of 0.96. The company’s fifty day simple moving average is $99.64 and its 200-day simple moving average is $101.56.
About iShares U.S. Real Estate ETF
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).
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