Manhattan West Asset Management LLC Purchases 605 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Manhattan West Asset Management LLC grew its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the real estate investment trust’s stock after acquiring an additional 605 shares during the quarter. Manhattan West Asset Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IYR. Synergy Investment Management LLC bought a new stake in iShares U.S. Real Estate ETF in the fourth quarter valued at approximately $27,000. Modus Advisors LLC purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at $28,000. Redwood Park Advisors LLC bought a new stake in iShares U.S. Real Estate ETF in the 4th quarter worth $36,000. Avior Wealth Management LLC increased its position in shares of iShares U.S. Real Estate ETF by 146.0% in the fourth quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 238 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth about $42,000.

iShares U.S. Real Estate ETF Price Performance

Shares of NYSEARCA:IYR opened at $88.60 on Friday. The stock’s 50-day moving average is $94.65 and its 200 day moving average is $96.35. The company has a market cap of $3.23 billion, a PE ratio of 31.93 and a beta of 1.08. iShares U.S. Real Estate ETF has a 1 year low of $81.25 and a 1 year high of $104.04.

iShares U.S. Real Estate ETF 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).