Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 21,184 shares of the real estate investment trust’s stock, valued at approximately $2,013,000.
Several other large investors have also made changes to their positions in the business. Western Wealth Management LLC purchased a new position in iShares U.S. Real Estate ETF during the first quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Real Estate ETF in the second quarter valued at about $26,000. Signaturefd LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the third quarter valued at about $26,000. Curry Webb Wealth Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the third quarter worth about $34,000. Finally, Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Real Estate ETF by 3,660.0% during the first quarter. Sunbelt Securities Inc. now owns 376 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 366 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.
iShares U.S. Real Estate ETF Stock Down 0.6%
IYR stock opened at $101.62 on Friday. iShares U.S. Real Estate ETF has a 52 week low of $92.45 and a 52 week high of $108.17. The firm has a 50-day simple moving average of $98.56 and a 200-day simple moving average of $100.44. The stock has a market capitalization of $3.97 billion, a P/E ratio of 31.37 and a beta of 0.94.
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).
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