Ballew Advisors Inc Decreases Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Ballew Advisors Inc cut its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,277 shares of the real estate investment trust’s stock after selling 1,675 shares during the period. iShares U.S. Real Estate ETF comprises about 0.9% of Ballew Advisors Inc’s investment portfolio, making the stock its 24th biggest holding. Ballew Advisors Inc’s holdings in iShares U.S. Real Estate ETF were worth $1,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Modus Advisors LLC acquired a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at approximately $28,000. Wolverine Asset Management LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the 3rd quarter valued at approximately $30,000. AlphaMark Advisors LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the third quarter worth approximately $41,000. Transcendent Capital Group LLC raised its holdings in iShares U.S. Real Estate ETF by 159.4% in the third quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in iShares U.S. Real Estate ETF during the 3rd quarter valued at $69,000.

iShares U.S. Real Estate ETF Stock Performance

IYR opened at $93.86 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 26.05 and a beta of 0.98. The company has a 50-day moving average of $96.20 and a 200-day moving average of $97.05. 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 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).