Bessemer Group Inc. Sells 5,878 Shares of iShares U.S. Real Estate ETF $IYR

Bessemer Group Inc. reduced its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 54.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,993 shares of the real estate investment trust’s stock after selling 5,878 shares during the quarter. Bessemer Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYR. Forte Asset Management LLC purchased a new stake in iShares U.S. Real Estate ETF in the second quarter worth $3,020,000. Schoolcraft Capital LLC raised its position in iShares U.S. Real Estate ETF by 6.3% during the second quarter. Schoolcraft Capital LLC now owns 4,662 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 278 shares in the last quarter. Brighton Jones LLC purchased a new stake in iShares U.S. Real Estate ETF during the second quarter valued at about $449,000. Focus Partners Advisor Solutions LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 4.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 2,711 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 110 shares during the last quarter. Finally, Money Design Co. Ltd. lifted its stake in shares of iShares U.S. Real Estate ETF by 5.0% in the 2nd quarter. Money Design Co. Ltd. now owns 553,275 shares of the real estate investment trust’s stock valued at $52,434,000 after acquiring an additional 26,370 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

iShares U.S. Real Estate ETF Price Performance

Shares of NYSEARCA:IYR opened at $94.66 on Monday. iShares U.S. Real Estate ETF has a 1 year low of $81.53 and a 1 year high of $103.46. The company has a market cap of $3.72 billion, a PE ratio of 35.41 and a beta of 1.01. The stock’s 50-day moving average is $96.60 and its 200 day moving average is $95.39.

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).