Magnus Financial Group LLC Increases Stock Holdings in iShares U.S. Real Estate ETF $IYR

Magnus Financial Group LLC boosted its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,280 shares of the real estate investment trust’s stock after purchasing an additional 6,041 shares during the period. iShares U.S. Real Estate ETF makes up 1.2% of Magnus Financial Group LLC’s holdings, making the stock its 19th biggest holding. Magnus Financial Group LLC owned 0.42% of iShares U.S. Real Estate ETF worth $15,269,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in iShares U.S. Real Estate ETF by 68.9% during the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 308 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of iShares U.S. Real Estate ETF during the 2nd quarter worth about $72,000. Steigerwald Gordon & Koch Inc. purchased a new stake in iShares U.S. Real Estate ETF in the 3rd quarter valued at about $98,000. Blue Trust Inc. boosted its stake in iShares U.S. Real Estate ETF by 38.0% during the third quarter. Blue Trust Inc. now owns 1,256 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 346 shares during the period. Finally, Advantage Trust Co increased its position in shares of iShares U.S. Real Estate ETF by 20.0% during the second quarter. Advantage Trust Co now owns 1,320 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA:IYR opened at $96.35 on Thursday. iShares U.S. Real Estate ETF has a fifty-two week low of $81.53 and a fifty-two week high of $99.62. The company has a 50 day moving average price of $94.79 and a 200 day moving average price of $95.69. The stock has a market capitalization of $4.20 billion, a P/E ratio of 35.41 and a beta of 1.01.

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).