SCS Capital Management LLC Raises Stock Position in iShares U.S. Real Estate ETF $IYR

SCS Capital Management LLC boosted its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 82.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 63,314 shares of the real estate investment trust’s stock after buying an additional 28,619 shares during the period. SCS Capital Management LLC owned 0.18% of iShares U.S. Real Estate ETF worth $6,062,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in iShares U.S. Real Estate ETF in the 1st quarter worth $39,000. Russell Investments Group Ltd. purchased a new position in shares of iShares U.S. Real Estate ETF during the first quarter valued at about $43,000. Wood Tarver Financial Group LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at about $99,000. Bellwether Advisors LLC grew its position in shares of iShares U.S. Real Estate ETF by 19.5% during the first quarter. Bellwether Advisors LLC now owns 1,462 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 239 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Stock Down 0.2%

Shares of iShares U.S. Real Estate ETF stock opened at $97.01 on Wednesday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 35.41 and a beta of 0.91. The business has a 50-day moving average price of $96.09 and a 200-day moving average price of $94.68. iShares U.S. Real Estate ETF has a twelve month low of $81.53 and a twelve month high of $104.04.

About iShares U.S. Real Estate ETF

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).