Hsbc Holdings PLC Makes New $399.72 Million Investment in iShares U.S. Real Estate ETF $IYR

Hsbc Holdings PLC acquired a new position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the 4th quarter, Holdings Channel reports. The firm acquired 4,245,726 shares of the real estate investment trust’s stock, valued at approximately $399,722,000. Hsbc Holdings PLC owned approximately 0.10% of iShares U.S. Real Estate ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of IYR. Rehmann Capital Advisory Group lifted its stake in shares of iShares U.S. Real Estate ETF by 17.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 11,954 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 1,806 shares during the period. Axxcess Wealth Management LLC grew its stake in iShares U.S. Real Estate ETF by 31.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 30,509 shares of the real estate investment trust’s stock worth $2,864,000 after purchasing an additional 7,316 shares during the period. Corient Private Wealth LLC grew its stake in iShares U.S. Real Estate ETF by 21.0% in the fourth quarter. Corient Private Wealth LLC now owns 38,089 shares of the real estate investment trust’s stock worth $3,545,000 after purchasing an additional 6,610 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in iShares U.S. Real Estate ETF by 1.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 373,524 shares of the real estate investment trust’s stock worth $35,070,000 after purchasing an additional 5,557 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in iShares U.S. Real Estate ETF in the fourth quarter worth $237,000. 98.41% of the stock is owned by institutional investors.

iShares U.S. Real Estate ETF Stock Performance

Shares of iShares U.S. Real Estate ETF stock opened at $100.45 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 35.41 and a beta of 0.97. The business has a fifty day simple moving average of $101.73 and a two-hundred day simple moving average of $98.29. iShares U.S. Real Estate ETF has a 12 month low of $92.45 and a 12 month high of $104.74.

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).