Magnus Financial Group LLC Raises Position in iShares U.S. Real Estate ETF $IYR

Magnus Financial Group LLC increased its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,951 shares of the real estate investment trust’s stock after buying an additional 8,671 shares during the quarter. iShares U.S. Real Estate ETF comprises 1.2% of Magnus Financial Group LLC’s portfolio, making the stock its 17th largest position. Magnus Financial Group LLC’s holdings in iShares U.S. Real Estate ETF were worth $15,581,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IYR. Glassy Mountain Advisors Inc. acquired a new position in iShares U.S. Real Estate ETF during the 3rd quarter worth approximately $27,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in iShares U.S. Real Estate ETF in the third quarter valued at approximately $39,000. Russell Investments Group Ltd. grew its position in iShares U.S. Real Estate ETF by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 308 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF during the third quarter valued at approximately $98,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the third quarter valued at approximately $104,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Trading Down 3.1%

NYSEARCA IYR opened at $93.45 on Friday. The stock has a market cap of $3.96 billion, a P/E ratio of 35.41 and a beta of 1.01. The company’s fifty day simple moving average is $98.07 and its 200-day simple moving average is $96.44. iShares U.S. Real Estate ETF has a 52 week low of $81.53 and a 52 week high of $101.80.

iShares U.S. Real Estate ETF Company 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).