Envestnet Asset Management Inc. cut its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,303 shares of the real estate investment trust’s stock after selling 34,859 shares during the quarter. Envestnet Asset Management Inc. owned about 1.02% of iShares U.S. Real Estate ETF worth $31,184,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its position in shares of iShares U.S. Real Estate ETF by 202.0% during the fourth quarter. Ancora Advisors LLC now owns 296 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. Laffer Tengler Investments purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter worth about $27,000. Cary Street Partners Asset Management LLC bought a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $42,000. Oxford Financial Group Ltd. bought a new position in iShares U.S. Real Estate ETF during the 1st quarter valued at approximately $69,000. Finally, Horan Securities Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 35.2% in the 1st quarter. Horan Securities Inc. now owns 664 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 173 shares during the period.
iShares U.S. Real Estate ETF Price Performance
Shares of IYR opened at $85.50 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 28.43 and a beta of 0.91. The business has a fifty day moving average of $86.32 and a 200 day moving average of $85.17. iShares U.S. Real Estate ETF has a one year low of $75.66 and a one year high of $98.38.
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).
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