Krane Financial Solutions LLC Invests $1.92 Million in iShares U.S. Real Estate ETF $IYR

Krane Financial Solutions LLC acquired a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the first quarter, Holdings Channel reports. The firm acquired 20,350 shares of the real estate investment trust’s stock, valued at approximately $1,924,000. iShares U.S. Real Estate ETF accounts for about 1.3% of Krane Financial Solutions LLC’s holdings, making the stock its 16th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in iShares U.S. Real Estate ETF by 145.9% during the fourth quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Western Wealth Management LLC bought a new position in iShares U.S. Real Estate ETF in the first quarter worth about $25,000. Modus Advisors LLC bought a new position in iShares U.S. Real Estate ETF in the fourth quarter worth about $28,000. Sunbelt Securities Inc. raised its holdings in iShares U.S. Real Estate ETF by 3,660.0% in the first quarter. Sunbelt Securities Inc. now owns 376 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 366 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at about $38,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA:IYR opened at $105.09 on Friday. iShares U.S. Real Estate ETF has a fifty-two week low of $92.45 and a fifty-two week high of $108.17. The stock has a market capitalization of $4.80 billion, a P/E ratio of 35.41 and a beta of 0.97. The company’s 50-day simple moving average is $103.45 and its 200-day simple moving average is $100.39.

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).