Principal Financial Group Inc. Takes $536,000 Position in iShares U.S. Real Estate ETF $IYR

Principal Financial Group Inc. purchased a new position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,521 shares of the real estate investment trust’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of iShares U.S. Real Estate ETF by 19.8% during the fourth quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 466 shares in the last quarter. CWM LLC boosted its holdings in iShares U.S. Real Estate ETF by 37.2% in the 2nd quarter. CWM LLC now owns 2,182 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 592 shares during the last quarter. Harbour Investments Inc. acquired a new stake in iShares U.S. Real Estate ETF in the 2nd quarter worth about $72,000. D.A. Davidson & CO. increased its stake in iShares U.S. Real Estate ETF by 11.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,580 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 355 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of iShares U.S. Real Estate ETF during the second quarter valued at approximately $281,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA IYR opened at $99.83 on Friday. The stock’s 50 day simple moving average is $95.96 and its 200-day simple moving average is $95.98. The company has a market cap of $4.23 billion, a PE ratio of 35.41 and a beta of 1.01. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $101.27.

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).