Bessemer Group Inc. Purchases 2,671 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Bessemer Group Inc. lifted its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,871 shares of the real estate investment trust’s stock after acquiring an additional 2,671 shares during the quarter. Bessemer Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IYR. Brighton Jones LLC grew its stake in shares of 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 worth $262,000 after acquiring an additional 466 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth about $4,176,000. Bank of New York Mellon Corp grew its stake in shares of iShares U.S. Real Estate ETF by 23.0% during the fourth quarter. Bank of New York Mellon Corp now owns 10,409 shares of the real estate investment trust’s stock worth $969,000 after acquiring an additional 1,946 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of iShares U.S. Real Estate ETF by 5.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,877 shares of the real estate investment trust’s stock worth $361,000 after acquiring an additional 207 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of iShares U.S. Real Estate ETF by 109.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,108 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 1,101 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

iShares U.S. Real Estate ETF Stock Up 0.7%

Shares of NYSEARCA IYR opened at $94.77 on Tuesday. The business’s 50 day moving average price is $94.14 and its 200 day moving average price is $93.98. The firm has a market cap of $3.73 billion, a P/E ratio of 31.45 and a beta of 0.91. iShares U.S. Real Estate ETF has a 52 week low of $81.53 and a 52 week high of $104.04.

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).