iShares U.S. Real Estate ETF $IYR Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. cut its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 22.7% in the fourth quarter, Holdings Channel reports. The fund owned 246,434 shares of the real estate investment trust’s stock after selling 72,543 shares during the period. Cibc World Market Inc.’s holdings in iShares U.S. Real Estate ETF were worth $23,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IYR. Brighton Jones LLC grew its holdings in shares of iShares U.S. Real Estate ETF by 19.8% during the 4th 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 during the period. Russell Investments Group Ltd. grew its holdings in shares of iShares U.S. Real Estate ETF by 68.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 308 shares during the period. Baird Financial Group Inc. grew its holdings in shares of iShares U.S. Real Estate ETF by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock worth $1,530,000 after purchasing an additional 1,200 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of iShares U.S. Real Estate ETF during the 2nd quarter worth $213,000. Finally, Bank of Nova Scotia purchased a new position in shares of iShares U.S. Real Estate ETF during the 2nd quarter worth $592,000. 98.41% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Trading Up 0.7%

NYSEARCA IYR opened at $102.54 on Friday. The stock has a market cap of $4.19 billion, a PE ratio of 35.41 and a beta of 0.97. iShares U.S. Real Estate ETF has a twelve month low of $92.45 and a twelve month high of $103.64. The stock has a fifty day simple moving average of $100.29 and a 200-day simple moving average of $97.80.

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).