Stock Traders Purchase Large Volume of Put Options on iShares U.S. Real Estate ETF (NYSEARCA:IYR)

iShares U.S. Real Estate ETF (NYSEARCA:IYR) was the recipient of some unusual options trading on Thursday. Stock traders acquired 23,417 put options on the stock. This is an increase of approximately 300% compared to the typical daily volume of 5,856 put options.

Institutional Trading of iShares U.S. Real Estate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Omega Financial Group LLC lifted its position in iShares U.S. Real Estate ETF by 1,154.9% in the fourth quarter. Omega Financial Group LLC now owns 66,072 shares of the real estate investment trust’s stock valued at $6,204,000 after purchasing an additional 60,807 shares during the last quarter. Apella Capital LLC increased its stake in shares of iShares U.S. Real Estate ETF by 287.4% in the fourth quarter. Apella Capital LLC now owns 11,671 shares of the real estate investment trust’s stock worth $1,096,000 after buying an additional 8,658 shares during the period. Checchi Capital Advisers LLC raised its holdings in iShares U.S. Real Estate ETF by 31.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 36,932 shares of the real estate investment trust’s stock valued at $3,468,000 after buying an additional 8,906 shares during the last quarter. Magnus Financial Group LLC boosted its position in iShares U.S. Real Estate ETF by 5.5% during the 4th quarter. Magnus Financial Group LLC now owns 165,951 shares of the real estate investment trust’s stock valued at $15,581,000 after buying an additional 8,671 shares during the period. Finally, Comerica Bank grew its holdings in iShares U.S. Real Estate ETF by 31.5% in the 4th quarter. Comerica Bank now owns 25,519 shares of the real estate investment trust’s stock worth $2,396,000 after acquiring an additional 6,119 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Up 0.7%

Shares of IYR traded up $0.68 during trading hours on Thursday, reaching $103.47. 2,474,323 shares of the company’s stock traded hands, compared to its average volume of 6,956,635. iShares U.S. Real Estate ETF has a 12 month low of $92.45 and a 12 month high of $105.15. The stock has a market cap of $4.51 billion, a PE ratio of 35.41 and a beta of 0.97. The firm’s 50 day simple moving average is $102.35 and its 200-day simple moving average is $99.10.

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).