iShares U.S. Real Estate ETF $IYR Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 94.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,943 shares of the real estate investment trust’s stock after selling 668,297 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $3,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 9.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,308 shares of the real estate investment trust’s stock worth $2,136,000 after acquiring an additional 1,976 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of iShares U.S. Real Estate ETF by 40.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 6,175 shares of the real estate investment trust’s stock worth $591,000 after acquiring an additional 1,767 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 3.2% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,453 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 139 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter worth approximately $201,000. Finally, Bessemer Group Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 10,871 shares of the real estate investment trust’s stock worth $1,040,000 after acquiring an additional 2,671 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Trading Down 0.5%

Shares of NYSEARCA:IYR opened at $97.99 on Friday. The company has a 50 day moving average of $96.21 and a 200-day moving average of $94.71. The firm has a market cap of $3.84 billion, a P/E ratio of 35.41 and a beta of 0.91. iShares U.S. Real Estate ETF has a twelve month low of $81.53 and a twelve month high of $104.04.

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).