Modera Wealth Management LLC purchased a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,542 shares of the real estate investment trust’s stock, valued at approximately $527,000.
A number of other institutional investors and hedge funds have also made changes to their positions in IYR. Rehmann Capital Advisory Group increased its holdings in iShares U.S. Real Estate ETF by 1.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 10,206 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 169 shares in the last quarter. Tucker Asset Management LLC raised its position in iShares U.S. Real Estate ETF by 8.1% during the second quarter. Tucker Asset Management LLC now owns 2,413 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 181 shares during the last quarter. Lakeshore Capital Group Inc. raised its position in iShares U.S. Real Estate ETF by 5.6% during the third quarter. Lakeshore Capital Group Inc. now owns 3,590 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 189 shares during the last quarter. Sterling Investment Advisors LLC ADV lifted its holdings in shares of iShares U.S. Real Estate ETF by 2.3% in the second quarter. Sterling Investment Advisors LLC ADV now owns 10,882 shares of the real estate investment trust’s stock valued at $1,113,000 after purchasing an additional 248 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares U.S. Real Estate ETF in the second quarter valued at about $26,000. 98.41% of the stock is owned by institutional investors and hedge funds.
iShares U.S. Real Estate ETF Price Performance
Shares of IYR opened at $100.90 on Tuesday. The firm has a 50 day simple moving average of $98.78 and a 200-day simple moving average of $100.34. iShares U.S. Real Estate ETF has a 1-year low of $92.45 and a 1-year high of $108.17. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 35.41 and a beta of 0.96.
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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