Ilmarinen Mutual Pension Insurance Co Reduces Position in iShares U.S. Real Estate ETF $IYR

Ilmarinen Mutual Pension Insurance Co decreased its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,196,577 shares of the real estate investment trust’s stock after selling 106,400 shares during the quarter. iShares U.S. Real Estate ETF makes up about 0.9% of Ilmarinen Mutual Pension Insurance Co’s investment portfolio, making the stock its 15th largest position. Ilmarinen Mutual Pension Insurance Co’s holdings in iShares U.S. Real Estate ETF were worth $112,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. increased its position in shares of iShares U.S. Real Estate ETF by 2.8% in the 4th quarter. Moors & Cabot Inc. now owns 8,634 shares of the real estate investment trust’s stock valued at $811,000 after acquiring an additional 236 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at about $47,000. Americana Partners LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 104.1% in the fourth quarter. Americana Partners LLC now owns 20,644 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 10,529 shares during the period. Ferguson Johnson Wealth Management Inc purchased a new position in shares of iShares U.S. Real Estate ETF in the fourth quarter worth about $328,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of iShares U.S. Real Estate ETF by 163.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 61,018 shares of the real estate investment trust’s stock worth $5,729,000 after purchasing an additional 37,825 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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

Shares of NYSEARCA IYR opened at $102.31 on Friday. The business’s 50 day moving average price is $99.54 and its 200 day moving average price is $97.58. The firm has a market cap of $4.18 billion, a P/E ratio of 35.41 and a beta of 0.99. iShares U.S. Real Estate ETF has a 52 week low of $92.45 and a 52 week high of $103.64.

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).