Bank of Montreal Can Boosts Stock Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Bank of Montreal Can lifted its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 117,106 shares of the real estate investment trust’s stock after purchasing an additional 7,892 shares during the quarter. Bank of Montreal Can owned about 0.35% of iShares U.S. Real Estate ETF worth $10,898,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new stake in iShares U.S. Real Estate ETF in the 4th quarter valued at $27,000. Modus Advisors LLC acquired a new position in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $28,000. Avior Wealth Management LLC grew its holdings in shares of iShares U.S. Real Estate ETF by 146.0% in the fourth quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 238 shares during the period. Wealthfront Advisers LLC acquired a new stake in iShares U.S. Real Estate ETF during the fourth quarter worth about $42,000. Finally, Rialto Wealth Management LLC acquired a new stake in iShares U.S. Real Estate ETF during the fourth quarter worth about $56,000.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA:IYR opened at $88.60 on Friday. The company’s 50-day moving average is $94.65 and its two-hundred day moving average is $96.35. iShares U.S. Real Estate ETF has a 1-year low of $81.25 and a 1-year high of $104.04. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 29.60 and a beta of 0.99.

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).