iShares U.S. Real Estate ETF $IYR Stock Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 93.5% in the first quarter, HoldingsChannel reports. The firm owned 6,109 shares of the real estate investment trust’s stock after selling 88,347 shares during the period. Principal Financial Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in iShares U.S. Real Estate ETF by 1.8% in the 4th quarter. Barclays PLC now owns 6,260,125 shares of the real estate investment trust’s stock worth $587,763,000 after purchasing an additional 108,864 shares during the last quarter. WealthNavi Inc. raised its holdings in shares of iShares U.S. Real Estate ETF by 2.9% during the first quarter. WealthNavi Inc. now owns 6,010,249 shares of the real estate investment trust’s stock valued at $568,329,000 after buying an additional 171,312 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter worth approximately $399,722,000. Cibc World Markets Corp acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter worth approximately $322,756,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter worth approximately $276,312,000. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock opened at $105.09 on Friday. iShares U.S. Real Estate ETF has a 12-month low of $92.45 and a 12-month high of $108.17. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97. The business has a 50 day simple moving average of $103.45 and a 200 day simple moving average of $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).