Forte Asset Management LLC bought a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) during the second quarter, Holdings Channel reports. The fund bought 31,864 shares of the real estate investment trust’s stock, valued at approximately $3,020,000. iShares U.S. Real Estate ETF accounts for 1.5% of Forte Asset Management LLC’s holdings, making the stock its 25th biggest position.
A number of other institutional investors also recently bought and sold shares of IYR. Wayfinding Financial LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at approximately $39,000. Russell Investments Group Ltd. purchased a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at approximately $43,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at approximately $45,000. Harbour Investments Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF in the 2nd quarter valued at approximately $72,000. Finally, Advantage Trust Co raised its stake in shares of 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 during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.
iShares U.S. Real Estate ETF Stock Performance
iShares U.S. Real Estate ETF stock opened at $98.17 on Friday. The company’s 50 day simple moving average is $96.65 and its 200-day simple moving average is $95.10. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91. iShares U.S. Real Estate ETF has a 1 year low of $81.53 and a 1 year high of $103.46.
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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Want to see what other hedge funds are holding IYR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report).
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