iShares U.S. Real Estate ETF (NYSEARCA:IYR) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC trimmed its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,037 shares of the real estate investment trust’s stock after selling 831 shares during the period. Lake Street Advisors Group LLC’s holdings in iShares U.S. Real Estate ETF were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of iShares U.S. Real Estate ETF during the 3rd quarter worth about $69,000. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Real Estate ETF by 140.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 413,325 shares of the real estate investment trust’s stock worth $42,106,000 after buying an additional 241,586 shares in the last quarter. Franklin Resources Inc. raised its position in shares of iShares U.S. Real Estate ETF by 19.1% during the 3rd 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. Principal Securities Inc. raised its position in shares of iShares U.S. Real Estate ETF by 67.9% during the 4th quarter. Principal Securities Inc. now owns 2,465 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 997 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of 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 worth $7,945,000 after buying an additional 24,551 shares in the last quarter.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA IYR opened at $98.41 on Friday. The company’s 50 day simple moving average is $94.47 and its 200 day simple moving average is $97.73. iShares U.S. Real Estate ETF has a 12 month low of $81.25 and a 12 month high of $104.04. The company has a market capitalization of $4.06 billion, a P/E ratio of 34.21 and a beta of 1.07.

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).