Raymond James Financial Inc. bought a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 238,879 shares of the real estate investment trust’s stock, valued at approximately $22,230,000.
Several other hedge funds have also recently made changes to their positions in IYR. Synergy Investment Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $27,000. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $28,000. Avior Wealth Management LLC grew its position in shares of iShares U.S. Real Estate ETF by 146.0% during the 4th quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 238 shares during the period. Tradewinds Capital Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $128,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the 3rd quarter valued at about $146,000.
iShares U.S. Real Estate ETF Stock Up 2.0 %
NYSEARCA:IYR opened at $94.63 on Friday. iShares U.S. Real Estate ETF has a 52 week low of $81.25 and a 52 week high of $104.04. The stock has a market capitalization of $3.73 billion, a PE ratio of 32.35 and a beta of 1.08. The stock’s 50-day moving average price is $95.11 and its 200-day moving average price is $97.68.
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).
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