Sowell Financial Services LLC purchased a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 20,052 shares of the real estate investment trust’s stock, valued at approximately $1,906,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lakeshore Capital Group Inc. lifted its position in shares of iShares U.S. Real Estate ETF by 5.6% in the third quarter. Lakeshore Capital Group Inc. now owns 3,590 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 189 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in iShares U.S. Real Estate ETF during the third quarter worth $37,723,000. Retirement Planning Group LLC acquired a new position in iShares U.S. Real Estate ETF during the third quarter worth $234,000. Sonata Capital Group Inc. bought a new position in iShares U.S. Real Estate ETF in the third quarter valued at $282,000. Finally, Delta Capital Management LLC bought a new position in iShares U.S. Real Estate ETF in the third quarter valued at $226,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Real Estate ETF Trading Up 1.3%
Shares of IYR stock opened at $98.37 on Friday. iShares U.S. Real Estate ETF has a 1 year low of $92.45 and a 1 year high of $108.17. The firm’s fifty day moving average price is $99.51 and its two-hundred day moving average price is $101.58. The firm has a market capitalization of $3.96 billion, a P/E ratio of 35.41 and a beta of 0.96.
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).
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