Davies Financial Advisors Inc. reduced its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,316 shares of the real estate investment trust’s stock after selling 361 shares during the quarter. Davies Financial Advisors Inc.’s holdings in iShares U.S. Real Estate ETF were worth $745,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Aspect Partners LLC bought a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at $15,342,000. CWM LLC increased its position in shares of iShares U.S. Real Estate ETF by 245.3% during the 1st quarter. CWM LLC now owns 2,027 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 1,440 shares during the last quarter. Optimum Investment Advisors increased its holdings in iShares U.S. Real Estate ETF by 16.0% in the 1st quarter. Optimum Investment Advisors now owns 1,461 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 201 shares in the last quarter. Nepc LLC purchased a new stake in iShares U.S. Real Estate ETF in the 4th quarter worth approximately $2,062,000. Finally, Capstone Triton Financial Group LLC boosted its stake in iShares U.S. Real Estate ETF by 2.2% in the 2nd quarter. Capstone Triton Financial Group LLC now owns 8,097 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 174 shares during the period.
iShares U.S. Real Estate ETF Stock Up 0.7 %
IYR traded up $0.69 during trading on Friday, reaching $98.70. The company had a trading volume of 1,241,119 shares, compared to its average volume of 5,811,406. The stock has a market cap of $3.33 billion, a P/E ratio of 26.05 and a beta of 0.98. The business has a 50 day simple moving average of $99.11 and a 200-day simple moving average of $91.44. iShares U.S. Real Estate ETF has a 52 week low of $72.88 and a 52 week high of $104.04.
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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