Commonwealth Equity Services LLC Purchases 6,519 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Commonwealth Equity Services LLC boosted its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,998 shares of the real estate investment trust’s stock after acquiring an additional 6,519 shares during the quarter. Commonwealth Equity Services LLC owned 0.28% of iShares U.S. Real Estate ETF worth $8,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in iShares U.S. Real Estate ETF by 17.2% during the first quarter. Bank of New York Mellon Corp now owns 32,084 shares of the real estate investment trust’s stock valued at $3,472,000 after buying an additional 4,703 shares during the period. Allianz Asset Management GmbH purchased a new stake in iShares U.S. Real Estate ETF during the first quarter valued at about $10,357,000. Baird Financial Group Inc. boosted its position in iShares U.S. Real Estate ETF by 6.8% during the first quarter. Baird Financial Group Inc. now owns 57,929 shares of the real estate investment trust’s stock valued at $6,270,000 after buying an additional 3,710 shares during the period. Oxford Financial Group Ltd. purchased a new stake in iShares U.S. Real Estate ETF during the first quarter valued at about $69,000. Finally, Equitable Holdings Inc. boosted its position in iShares U.S. Real Estate ETF by 10.4% during the first quarter. Equitable Holdings Inc. now owns 2,131 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 200 shares during the period.

iShares U.S. Real Estate ETF Stock Up 1.2 %

NYSEARCA IYR opened at $85.50 on Wednesday. The company has a 50-day simple moving average of $86.32 and a two-hundred day simple moving average of $85.17. iShares U.S. Real Estate ETF has a 12-month low of $75.66 and a 12-month high of $98.38. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 28.43 and a beta of 0.91.

iShares U.S. Real Estate ETF Company 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).