Washington Trust Bank Boosts Stake in iShares U.S. Real Estate ETF $IYR

Washington Trust Bank raised its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 231.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,714 shares of the real estate investment trust’s stock after buying an additional 38,196 shares during the period. Washington Trust Bank owned approximately 0.13% of iShares U.S. Real Estate ETF worth $5,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthNavi Inc. boosted its position in iShares U.S. Real Estate ETF by 10.2% in the 4th quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock valued at $548,218,000 after buying an additional 540,270 shares during the last quarter. Ameriprise Financial Inc. boosted its position in iShares U.S. Real Estate ETF by 45.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 335,818 shares of the real estate investment trust’s stock valued at $31,824,000 after buying an additional 105,669 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Real Estate ETF by 33.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 325,077 shares of the real estate investment trust’s stock valued at $31,559,000 after buying an additional 82,256 shares during the last quarter. Cibc World Market Inc. boosted its position in iShares U.S. Real Estate ETF by 1,235.6% in the 3rd quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock valued at $30,966,000 after buying an additional 295,095 shares during the last quarter. Finally, Connable Office Inc. boosted its position in iShares U.S. Real Estate ETF by 1.7% in the 4th quarter. Connable Office Inc. now owns 299,557 shares of the real estate investment trust’s stock valued at $28,125,000 after buying an additional 5,112 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA:IYR opened at $102.84 on Tuesday. The firm has a 50-day moving average of $98.84 and a two-hundred day moving average of $97.02. The stock has a market cap of $4.21 billion, a P/E ratio of 35.41 and a beta of 0.99. iShares U.S. Real Estate ETF has a 1-year low of $91.40 and a 1-year high of $103.58.

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).