AE Wealth Management LLC Lowers Stock Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

AE Wealth Management LLC cut its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 98.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,210 shares of the real estate investment trust’s stock after selling 71,772 shares during the period. AE Wealth Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at $201,000. KM Capital Management Ltd. grew its position in iShares U.S. Real Estate ETF by 9.6% in the 1st quarter. KM Capital Management Ltd. now owns 30,304 shares of the real estate investment trust’s stock valued at $2,902,000 after acquiring an additional 2,646 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in iShares U.S. Real Estate ETF by 7.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 8,374 shares of the real estate investment trust’s stock valued at $802,000 after acquiring an additional 581 shares in the last quarter. Grey Fox Wealth Advisors LLC increased its stake in iShares U.S. Real Estate ETF by 12.6% during the first quarter. Grey Fox Wealth Advisors LLC now owns 7,154 shares of the real estate investment trust’s stock worth $685,000 after purchasing an additional 799 shares during the period. Finally, Graybill Wealth Management LTD. acquired a new stake in shares of iShares U.S. Real Estate ETF during the first quarter worth about $548,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA IYR opened at $94.75 on Friday. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91. The firm has a 50 day simple moving average of $95.28 and a 200-day simple moving average of $94.52. iShares U.S. Real Estate ETF has a one year low of $81.53 and a one year high of $104.04.

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).