LPL Financial LLC Increases Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

LPL Financial LLC increased its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 442,770 shares of the real estate investment trust’s stock after acquiring an additional 40,044 shares during the period. LPL Financial LLC’s holdings in iShares U.S. Real Estate ETF were worth $41,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at approximately $27,000. Modus Advisors LLC purchased a new position in iShares U.S. Real Estate ETF in the 4th quarter valued at $28,000. Avior Wealth Management LLC increased its stake in iShares U.S. Real Estate ETF by 146.0% in the 4th quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 238 shares during the period. Wealthfront Advisers LLC purchased a new position in iShares U.S. Real Estate ETF during the 4th quarter worth $42,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth $56,000.

iShares U.S. Real Estate ETF Stock Down 0.1 %

Shares of NYSEARCA:IYR opened at $94.74 on Friday. iShares U.S. Real Estate ETF has a fifty-two week low of $81.25 and a fifty-two week high of $104.04. The firm’s 50-day simple moving average is $95.78 and its 200-day simple moving average is $97.40. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 31.93 and a beta of 1.08.

iShares U.S. Real Estate ETF 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).