Cetera Trust Company N.A bought a new stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 300 shares of the real estate investment trust’s stock, valued at approximately $27,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in IYR. Citigroup Inc. grew its position in shares of iShares U.S. Real Estate ETF by 592.7% during the 3rd quarter. Citigroup Inc. now owns 1,034,769 shares of the real estate investment trust’s stock worth $80,857,000 after buying an additional 1,244,785 shares during the period. Morgan Stanley grew its position in shares of iShares U.S. Real Estate ETF by 28.4% during the 3rd quarter. Morgan Stanley now owns 4,674,805 shares of the real estate investment trust’s stock worth $365,289,000 after buying an additional 1,033,819 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of iShares U.S. Real Estate ETF during the 3rd quarter worth approximately $19,261,000. Pathstone Family Office LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 3rd quarter worth approximately $17,586,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter worth approximately $9,952,000.
iShares U.S. Real Estate ETF Stock Up 0.8 %
Shares of IYR stock opened at $83.35 on Wednesday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 26.96 and a beta of 0.97. iShares U.S. Real Estate ETF has a 52 week low of $72.88 and a 52 week high of $92.85. The firm has a 50 day moving average of $87.37 and a 200-day moving average of $85.55.
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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