iShares U.S. Real Estate ETF $IYR Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,237 shares of the real estate investment trust’s stock after selling 592 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the first quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new stake in shares of iShares U.S. Real Estate ETF in the first quarter worth about $43,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the first quarter worth about $45,000. Bellwether Advisors LLC boosted its stake in shares of iShares U.S. Real Estate ETF by 19.5% in the first quarter. Bellwether Advisors LLC now owns 1,462 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 239 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the first quarter worth about $201,000. 98.41% of the stock is owned by institutional investors and hedge funds.

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

Shares of IYR stock opened at $96.95 on Friday. The company has a market capitalization of $3.69 billion, a P/E ratio of 35.41 and a beta of 0.91. The business’s 50 day moving average is $96.33 and its two-hundred day moving average is $94.75. iShares U.S. Real Estate ETF has a 12-month low of $81.53 and a 12-month high of $103.46.

iShares U.S. Real Estate ETF 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).