iShares U.S. Real Estate ETF $IYR Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,126,334 shares of the real estate investment trust’s stock after selling 329,737 shares during the period. BNP Paribas Financial Markets owned about 0.05% of iShares U.S. Real Estate ETF worth $199,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYR. Brighton Jones LLC lifted its position in iShares U.S. Real Estate ETF by 19.8% during the fourth quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 466 shares during the period. Russell Investments Group Ltd. raised its position in shares of 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 worth $72,000 after acquiring an additional 308 shares during the period. Baird Financial Group Inc. raised its position in shares of iShares U.S. Real Estate ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock worth $1,530,000 after acquiring an additional 1,200 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of iShares U.S. Real Estate ETF in the second quarter worth about $213,000. Finally, Bank of Nova Scotia acquired a new position in shares of iShares U.S. Real Estate ETF in the second quarter worth about $592,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Stock Performance

Shares of iShares U.S. Real Estate ETF stock opened at $101.43 on Friday. The firm has a 50-day simple moving average of $99.63 and a two-hundred day simple moving average of $97.61. The company has a market cap of $4.15 billion, a P/E ratio of 35.41 and a beta of 0.99. iShares U.S. Real Estate ETF has a fifty-two week low of $92.45 and a fifty-two week high of $103.64.

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).