Raymond James Financial Inc. Buys New Shares in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Raymond James Financial Inc. purchased a new position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 238,879 shares of the real estate investment trust’s stock, valued at approximately $22,230,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Synergy Investment Management LLC bought a new position in iShares U.S. Real Estate ETF in the fourth quarter worth $27,000. Modus Advisors LLC bought a new position in shares of iShares U.S. Real Estate ETF during the 4th quarter worth about $28,000. Avior Wealth Management LLC boosted 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 in the last quarter. Wealthfront Advisers LLC bought a new stake in iShares U.S. Real Estate ETF in the fourth quarter valued at about $42,000. Finally, Rialto Wealth Management LLC acquired a new position in iShares U.S. Real Estate ETF in the fourth quarter worth about $56,000.

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

NYSEARCA IYR opened at $91.93 on Friday. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $104.04. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 29.60 and a beta of 0.99. The stock’s 50 day moving average is $94.14 and its two-hundred day moving average is $96.03.

iShares U.S. Real Estate ETF 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).