Ehrlich Financial Group Invests $358,000 in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Ehrlich Financial Group purchased a new stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 3,844 shares of the real estate investment trust’s stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of iShares U.S. Real Estate ETF by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 16,676 shares of the real estate investment trust’s stock worth $1,463,000 after purchasing an additional 785 shares during the last quarter. Choreo LLC raised its position in iShares U.S. Real Estate ETF by 18.3% during the second quarter. Choreo LLC now owns 3,234 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 500 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 132,819 shares of the real estate investment trust’s stock worth $11,654,000 after purchasing an additional 4,695 shares in the last quarter. Virtu Financial LLC bought a new position in shares of iShares U.S. Real Estate ETF during the 2nd quarter valued at about $5,346,000. Finally, Tower Wealth Partners Inc. raised its holdings in shares of iShares U.S. Real Estate ETF by 3.6% during the 2nd quarter. Tower Wealth Partners Inc. now owns 3,894 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 135 shares in the last quarter.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA:IYR traded up $1.12 during mid-day trading on Monday, reaching $90.61. The stock had a trading volume of 6,065,471 shares, compared to its average volume of 6,466,447. The stock has a market capitalization of $3.06 billion, a P/E ratio of 26.05 and a beta of 0.98. The firm has a 50 day moving average price of $96.82 and a two-hundred day moving average price of $96.94. iShares U.S. Real Estate ETF has a one year low of $81.25 and a one year high of $104.04.

iShares U.S. Real Estate ETF Company 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).