Balanced Wealth Group LLC Takes Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Balanced Wealth Group LLC bought a new stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the 4th quarter, HoldingsChannel reports. The firm bought 8,414 shares of the real estate investment trust’s stock, valued at approximately $769,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 592.7% in the 3rd quarter. Citigroup Inc. now owns 1,034,769 shares of the real estate investment trust’s stock valued at $80,857,000 after purchasing an additional 1,244,785 shares during the period. Morgan Stanley lifted its position in iShares U.S. Real Estate ETF by 28.4% during the third quarter. Morgan Stanley now owns 4,674,805 shares of the real estate investment trust’s stock valued at $365,289,000 after purchasing an additional 1,033,819 shares during the period. Qube Research & Technologies Ltd purchased a new position in iShares U.S. Real Estate ETF during the third quarter valued at $19,261,000. Pathstone Family Office LLC purchased a new stake in iShares U.S. Real Estate ETF during the 3rd quarter valued at $17,586,000. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at about $9,952,000.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA IYR traded down $0.65 during trading on Wednesday, reaching $84.77. 5,379,615 shares of the company’s stock traded hands, compared to its average volume of 6,862,946. The company’s 50 day simple moving average is $86.68 and its two-hundred day simple moving average is $85.98. iShares U.S. Real Estate ETF has a 12-month low of $72.88 and a 12-month high of $92.85. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 25.26 and a beta of 0.99.

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).