MAI Capital Management Decreases Stake in iShares U.S. Real Estate ETF $IYR

MAI Capital Management lessened its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 17.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,757 shares of the real estate investment trust’s stock after selling 2,511 shares during the period. MAI Capital Management’s holdings in iShares U.S. Real Estate ETF were worth $1,126,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IYR. Wayfinding Financial LLC acquired a new position in shares of iShares U.S. Real Estate ETF during the first quarter worth $39,000. Russell Investments Group Ltd. purchased a new stake in iShares U.S. Real Estate ETF during the 1st quarter worth about $43,000. Wood Tarver Financial Group LLC acquired a new position in shares of iShares U.S. Real Estate ETF during the 4th quarter worth about $99,000. Bellwether Advisors LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 19.5% in the 1st quarter. Bellwether Advisors LLC now owns 1,462 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 239 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at about $201,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Stock Up 0.1%

Shares of IYR opened at $96.03 on Thursday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91. iShares U.S. Real Estate ETF has a 52-week low of $81.53 and a 52-week high of $104.04. The stock has a 50 day moving average price of $95.88 and a 200 day moving average price of $94.67.

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).