Fifth Third Bancorp Buys 23,877 Shares of iShares U.S. Real Estate ETF $IYR

Fifth Third Bancorp boosted its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 5,939.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,279 shares of the real estate investment trust’s stock after purchasing an additional 23,877 shares during the period. Fifth Third Bancorp owned about 0.06% of iShares U.S. Real Estate ETF worth $2,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYR. Assetmark Inc. raised its holdings in iShares U.S. Real Estate ETF by 145.9% during the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 159 shares during the last quarter. Modus Advisors LLC purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at $28,000. AlphaCore Capital LLC bought a new stake in iShares U.S. Real Estate ETF in the 4th quarter worth $47,000. Godfrey Financial Associates Inc. bought a new stake in iShares U.S. Real Estate ETF in the 4th quarter worth $47,000. Finally, Russell Investments Group Ltd. increased its position in shares of iShares U.S. Real Estate ETF by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 308 shares during the period. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Down 0.0%

Shares of NYSEARCA:IYR opened at $105.52 on Wednesday. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97. The company has a 50-day moving average price of $102.74 and a 200-day moving average price of $99.77. iShares U.S. Real Estate ETF has a 12 month low of $92.45 and a 12 month high of $107.37.

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).