Washington Trust Bank grew its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 231.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,714 shares of the real estate investment trust’s stock after purchasing an additional 38,196 shares during the period. Washington Trust Bank’s holdings in iShares U.S. Real Estate ETF were worth $5,137,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Moors & Cabot Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 1.3% in the 3rd quarter. Moors & Cabot Inc. now owns 8,398 shares of the real estate investment trust’s stock valued at $815,000 after purchasing an additional 108 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of iShares U.S. Real Estate ETF by 4.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,809 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 110 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of iShares U.S. Real Estate ETF by 15.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 870 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 115 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 1.1% in the 3rd quarter. Centaurus Financial Inc. now owns 11,062 shares of the real estate investment trust’s stock valued at $1,074,000 after purchasing an additional 116 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 145.9% in the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
iShares U.S. Real Estate ETF Stock Up 0.1%
IYR opened at $102.84 on Tuesday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 35.41 and a beta of 0.99. iShares U.S. Real Estate ETF has a fifty-two week low of $91.40 and a fifty-two week high of $103.58. The company’s 50-day moving average price is $98.84 and its 200 day moving average price is $97.02.
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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