iShares U.S. Real Estate ETF (NYSEARCA:IYR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 87.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,702 shares of the real estate investment trust’s stock after selling 39,173 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $546,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares U.S. Real Estate ETF by 40.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 6,175 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 1,767 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Real Estate ETF by 37.4% in the 4th quarter. JPMorgan Chase & Co. now owns 568,030 shares of the real estate investment trust’s stock worth $52,861,000 after purchasing an additional 154,705 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of iShares U.S. Real Estate ETF by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 10,871 shares of the real estate investment trust’s stock worth $1,040,000 after purchasing an additional 2,671 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of iShares U.S. Real Estate ETF by 14.7% in the 4th quarter. Northern Trust Corp now owns 22,772 shares of the real estate investment trust’s stock worth $2,119,000 after purchasing an additional 2,921 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of iShares U.S. Real Estate ETF by 20.1% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 119,699 shares of the real estate investment trust’s stock worth $11,139,000 after purchasing an additional 20,072 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Up 0.3%

Shares of NYSEARCA IYR opened at $95.80 on Monday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91. iShares U.S. Real Estate ETF has a 12-month low of $81.53 and a 12-month high of $104.04. The stock’s 50 day simple moving average is $94.70 and its 200 day simple moving average is $94.20.

iShares U.S. Real Estate ETF 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).