Hsbc Holdings PLC Takes Position in iShares U.S. Real Estate ETF $IYR

Hsbc Holdings PLC bought a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,245,726 shares of the real estate investment trust’s stock, valued at approximately $399,722,000. Hsbc Holdings PLC owned 0.10% of iShares U.S. Real Estate ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of iShares U.S. Real Estate ETF by 19.8% during the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 466 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of iShares U.S. Real Estate ETF by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 308 shares during the period. Baird Financial Group Inc. boosted its stake in iShares U.S. Real Estate ETF by 8.0% during the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock valued at $1,530,000 after buying an additional 1,200 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in iShares U.S. Real Estate ETF during the second quarter worth about $213,000. Finally, Bank of Nova Scotia bought a new stake in iShares U.S. Real Estate ETF in the second quarter worth about $592,000. 98.41% of the stock is owned by institutional investors.

iShares U.S. Real Estate ETF Trading Up 1.3%

Shares of NYSEARCA IYR opened at $104.01 on Friday. iShares U.S. Real Estate ETF has a twelve month low of $92.45 and a twelve month high of $104.77. The firm has a 50-day moving average of $102.15 and a two-hundred day moving average of $98.82. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.

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).