Northwestern Mutual Wealth Management Co. lowered its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 80.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,813 shares of the real estate investment trust’s stock after selling 262,264 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Real Estate ETF were worth $5,898,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of IYR. Assetmark Inc. lifted its holdings in iShares U.S. Real Estate ETF by 145.9% in the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 159 shares during the period. Glassy Mountain Advisors Inc. purchased a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter valued at approximately $27,000. Fifth Third Bancorp purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at approximately $38,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter valued at approximately $39,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of iShares U.S. Real Estate ETF by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.
iShares U.S. Real Estate ETF Stock Up 0.2%
IYR opened at $102.72 on Friday. The stock has a market cap of $4.20 billion, a PE ratio of 35.41 and a beta of 0.99. The business has a 50 day moving average of $99.15 and a 200-day moving average of $97.34. iShares U.S. Real Estate ETF has a 52 week low of $91.62 and a 52 week high of $103.58.
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).
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Want to see what other hedge funds are holding IYR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report).
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