iShares U.S. Real Estate ETF $IYR Stake Lessened by Broadview Financial Management LLC

by · The Cerbat Gem

Broadview Financial Management LLC trimmed its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,624 shares of the real estate investment trust’s stock after selling 2,251 shares during the quarter. iShares U.S. Real Estate ETF makes up 1.2% of Broadview Financial Management LLC’s portfolio, making the stock its 21st biggest position. Broadview Financial Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Courage Miller Partners LLC grew its stake in iShares U.S. Real Estate ETF by 5.7% in the second quarter. Courage Miller Partners LLC now owns 6,872 shares of the real estate investment trust’s stock worth $651,000 after purchasing an additional 373 shares in the last quarter. Encompass Wealth Advisors LLC raised its stake in iShares U.S. Real Estate ETF by 7.4% during the second quarter. Encompass Wealth Advisors LLC now owns 5,652 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 388 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in iShares U.S. Real Estate ETF by 11.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,580 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 355 shares during the last quarter. Truist Financial Corp lifted its holdings in iShares U.S. Real Estate ETF by 2.6% during the 2nd quarter. Truist Financial Corp now owns 47,432 shares of the real estate investment trust’s stock worth $4,495,000 after buying an additional 1,198 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of iShares U.S. Real Estate ETF by 9.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,308 shares of the real estate investment trust’s stock worth $2,136,000 after acquiring an additional 1,976 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSEARCA IYR opened at $94.26 on Friday. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 35.41 and a beta of 1.01. iShares U.S. Real Estate ETF has a twelve month low of $81.53 and a twelve month high of $103.46. The business has a 50 day simple moving average of $96.39 and a 200-day simple moving average of $95.42.

About iShares U.S. Real Estate ETF

(Free Report)

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).

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