Parallel Advisors LLC Has $312,000 Stock Holdings in iShares U.S. Real Estate ETF $IYR

Parallel Advisors LLC lifted its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,287 shares of the real estate investment trust’s stock after buying an additional 155 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IYR. Wayfinding Financial LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the first quarter worth $39,000. Russell Investments Group Ltd. purchased a new stake in shares of iShares U.S. Real Estate ETF during the first quarter worth $43,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the first quarter worth $45,000. Wood Tarver Financial Group LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth $99,000. Finally, Bellwether Advisors LLC raised its holdings in shares of iShares U.S. Real Estate ETF by 19.5% during the first quarter. Bellwether Advisors LLC now owns 1,462 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Down 0.6%

Shares of NYSEARCA:IYR opened at $96.13 on Friday. iShares U.S. Real Estate ETF has a 1 year low of $81.53 and a 1 year high of $103.54. The business has a fifty day simple moving average of $96.37 and a 200 day simple moving average of $94.64. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91.

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).