iShares U.S. Real Estate ETF $IYR Stock: WealthNavi Inc. Decreases Holdings

WealthNavi Inc. reduced its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,540,037 shares of the real estate investment trust’s stock after selling 330,474 shares during the quarter. iShares U.S. Real Estate ETF accounts for approximately 4.1% of WealthNavi Inc.’s investment portfolio, making the stock its 6th biggest holding. WealthNavi Inc. owned approximately 13.60% of iShares U.S. Real Estate ETF worth $526,525,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in iShares U.S. Real Estate ETF in the 4th quarter worth about $399,722,000. Bank of America Corp DE grew its holdings in iShares U.S. Real Estate ETF by 12.7% in the first quarter. Bank of America Corp DE now owns 1,292,491 shares of the real estate investment trust’s stock valued at $122,218,000 after purchasing an additional 145,840 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in iShares U.S. Real Estate ETF in the third quarter valued at approximately $37,723,000. Passaic Partners LLC grew its holdings in iShares U.S. Real Estate ETF by 1.5% in the second quarter. Passaic Partners LLC now owns 186,130 shares of the real estate investment trust’s stock valued at $19,032,000 after purchasing an additional 2,826 shares during the period. Finally, Magnus Financial Group LLC grew its holdings in iShares U.S. Real Estate ETF by 3.5% in the third quarter. Magnus Financial Group LLC now owns 188,158 shares of the real estate investment trust’s stock valued at $17,883,000 after purchasing an additional 6,282 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Price Performance

iShares U.S. Real Estate ETF stock opened at $97.97 on Wednesday. The stock has a market capitalization of $3.99 billion, a PE ratio of 35.41 and a beta of 0.96. The business has a 50 day simple moving average of $99.19 and a 200-day simple moving average of $100.25. iShares U.S. Real Estate ETF has a 12 month low of $92.45 and a 12 month high of $108.17.

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).