Lifeworks Advisors LLC cut its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 67.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the real estate investment trust’s stock after selling 7,701 shares during the period. Lifeworks Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $353,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in iShares U.S. Real Estate ETF by 145.9% during the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 159 shares during the period. Modus Advisors LLC acquired a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at $28,000. Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at about $38,000. AlphaCore Capital LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at about $47,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 98.41% of the company’s stock.
iShares U.S. Real Estate ETF Trading Up 0.6%
iShares U.S. Real Estate ETF stock opened at $103.91 on Tuesday. The stock has a 50 day moving average of $102.45 and a two-hundred day moving average of $99.31. iShares U.S. Real Estate ETF has a twelve month low of $92.45 and a twelve month high of $105.15. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.
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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