Oppenheimer Asset Management Inc. Acquires Shares of 39,653 iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Oppenheimer Asset Management Inc. bought a new position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 39,653 shares of the real estate investment trust’s stock, valued at approximately $3,690,000.

Several other institutional investors have also recently made changes to their positions in IYR. Wolverine Asset Management LLC purchased a new position in iShares U.S. Real Estate ETF during the 3rd quarter valued at about $30,000. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth approximately $28,000. Avior Wealth Management LLC increased its position in iShares U.S. Real Estate ETF by 146.0% during the 4th quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 238 shares in the last quarter. Transcendent Capital Group LLC increased its position in iShares U.S. Real Estate ETF by 159.4% during the 3rd quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 247 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter worth about $69,000.

iShares U.S. Real Estate ETF Stock Up 0.8 %

Shares of NYSEARCA IYR opened at $98.41 on Friday. The firm has a market cap of $4.06 billion, a P/E ratio of 34.21 and a beta of 1.07. iShares U.S. Real Estate ETF has a twelve month low of $81.25 and a twelve month high of $104.04. The company has a 50 day moving average of $94.47 and a 200 day moving average of $97.75.

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).