Adell Harriman & Carpenter Inc. Reduces Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Adell Harriman & Carpenter Inc. lowered its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 9.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,764 shares of the real estate investment trust’s stock after selling 1,666 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Real Estate ETF were worth $1,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modera Wealth Management LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 1.4% in the 3rd quarter. Modera Wealth Management LLC now owns 8,429 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 118 shares during the period. TAGStone Capital Inc. lifted its holdings in shares of iShares U.S. Real Estate ETF by 0.9% in the 3rd quarter. TAGStone Capital Inc. now owns 15,596 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 137 shares during the period. Intrust Bank NA lifted its holdings in shares of iShares U.S. Real Estate ETF by 3.9% in the 4th quarter. Intrust Bank NA now owns 3,657 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 137 shares during the period. Courier Capital LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 0.3% in the 4th quarter. Courier Capital LLC now owns 51,595 shares of the real estate investment trust’s stock valued at $4,716,000 after buying an additional 153 shares during the period. Finally, Private Ocean LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 11.8% in the 4th quarter. Private Ocean LLC now owns 1,588 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 168 shares during the period.

iShares U.S. Real Estate ETF Stock Down 0.6 %

Shares of IYR stock traded down $0.53 on Tuesday, hitting $83.59. The company had a trading volume of 2,406,554 shares, compared to its average volume of 6,557,466. The firm has a market cap of $3.64 billion, a P/E ratio of 25.26 and a beta of 0.99. The company has a 50-day moving average price of $87.08 and a 200-day moving average price of $85.70. iShares U.S. Real Estate ETF has a twelve month low of $72.88 and a twelve month high of $92.85.

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).