Avantax Advisory Services Inc. Sells 1,125 Shares of iShares U.S. Real Estate ETF $IYR

Avantax Advisory Services Inc. cut its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,183 shares of the real estate investment trust’s stock after selling 1,125 shares during the period. Avantax Advisory Services Inc. owned approximately 0.06% of iShares U.S. Real Estate ETF worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in shares of iShares U.S. Real Estate ETF during the first quarter valued at about $43,000. Flaharty Asset Management LLC bought a new position in iShares U.S. Real Estate ETF during the first quarter valued at about $45,000. Harbour Investments Inc. acquired a new position in iShares U.S. Real Estate ETF in the 2nd quarter valued at approximately $72,000. Advantage Trust Co raised its holdings in iShares U.S. Real Estate ETF by 20.0% in the 2nd quarter. Advantage Trust Co now owns 1,320 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 220 shares in the last quarter. Finally, Bellwether Advisors LLC lifted its position in shares of iShares U.S. Real Estate ETF by 19.5% in the 1st 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 during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Trading Up 1.5%

Shares of NYSEARCA:IYR opened at $95.07 on Friday. The firm has a market capitalization of $3.74 billion, a PE ratio of 35.41 and a beta of 1.01. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $103.46. The business’s 50 day moving average is $95.90 and its 200-day moving average is $95.58.

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).