CIBC World Markets Inc. reduced its holdings in shares of iShares US Real Estate ETF (NYSE:IYR) by 55.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,400 shares of the real estate investment trust’s stock after selling 57,149 shares during the quarter. CIBC World Markets Inc.’s holdings in iShares US Real Estate ETF were worth $3,701,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IYR. Fiduciary Trust Co. purchased a new stake in shares of iShares US Real Estate ETF during the 2nd quarter valued at approximately $108,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of iShares US Real Estate ETF during the 2nd quarter valued at approximately $204,000. HL Financial Services LLC purchased a new stake in shares of iShares US Real Estate ETF during the 2nd quarter valued at approximately $214,000. Good Life Advisors LLC purchased a new stake in shares of iShares US Real Estate ETF during the 2nd quarter valued at approximately $215,000. Finally, Alerus Financial NA purchased a new stake in shares of iShares US Real Estate ETF during the 2nd quarter valued at approximately $240,000.

WARNING: “CIBC World Markets Inc. Sells 57,149 Shares of iShares US Real Estate ETF (IYR)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/10/cibc-world-markets-inc-sells-57149-shares-of-ishares-us-real-estate-etf-iyr.html.

Shares of iShares US Real Estate ETF (NYSE:IYR) opened at 81.68 on Friday. iShares US Real Estate ETF has a 52 week low of $72.11 and a 52 week high of $84.36. The company’s 50 day moving average is $80.44 and its 200-day moving average is $79.54.

About iShares US 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).

Institutional Ownership by Quarter for iShares US Real Estate ETF (NYSE:IYR)

Receive News & Stock Ratings for iShares US Real Estate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares US Real Estate ETF and related stocks with our FREE daily email newsletter.