Platform Technology Partners Cuts Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Platform Technology Partners lessened its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,530 shares of the real estate investment trust’s stock after selling 632 shares during the quarter. Platform Technology Partners’ holdings in iShares U.S. Real Estate ETF were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in iShares U.S. Real Estate ETF in the 3rd quarter worth $69,000. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Real Estate ETF by 140.7% in the third quarter. JPMorgan Chase & Co. now owns 413,325 shares of the real estate investment trust’s stock worth $42,106,000 after purchasing an additional 241,586 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of iShares U.S. Real Estate ETF by 19.1% in the third quarter. Franklin Resources Inc. now owns 2,031 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 325 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares U.S. Real Estate ETF during the second quarter valued at approximately $385,000. Finally, HighTower Advisors LLC grew its holdings in iShares U.S. Real Estate ETF by 46.0% during the 3rd quarter. HighTower Advisors LLC now owns 77,877 shares of the real estate investment trust’s stock valued at $7,945,000 after buying an additional 24,551 shares in the last quarter.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR opened at $95.94 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 26.05 and a beta of 0.98. iShares U.S. Real Estate ETF has a 1 year low of $81.25 and a 1 year high of $104.04. The business’s 50 day simple moving average is $94.84 and its 200-day simple moving average is $97.46.

About iShares U.S. Real Estate ETF

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).