Fmr LLC Sells 1,601 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Fmr LLC cut its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 7.0% in the third quarter, HoldingsChannel reports. The fund owned 21,278 shares of the real estate investment trust’s stock after selling 1,601 shares during the period. Fmr LLC’s holdings in iShares U.S. Real Estate ETF were worth $2,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Connable Office Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 8.9% in the second quarter. Connable Office Inc. now owns 404,881 shares of the real estate investment trust’s stock worth $35,524,000 after acquiring an additional 33,203 shares during the last quarter. Passaic Partners LLC raised its stake in shares of iShares U.S. Real Estate ETF by 43.9% in the third quarter. Passaic Partners LLC now owns 221,433 shares of the real estate investment trust’s stock worth $22,557,000 after acquiring an additional 67,553 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of iShares U.S. Real Estate ETF by 86.1% in the third quarter. SG Americas Securities LLC now owns 208,947 shares of the real estate investment trust’s stock worth $21,285,000 after acquiring an additional 96,659 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Real Estate ETF by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 189,112 shares of the real estate investment trust’s stock worth $16,593,000 after acquiring an additional 8,626 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of iShares U.S. Real Estate ETF in the third quarter worth about $17,701,000.

iShares U.S. Real Estate ETF Trading Down 0.4 %

Shares of NYSEARCA IYR opened at $97.61 on Friday. iShares U.S. Real Estate ETF has a 1-year low of $81.25 and a 1-year high of $104.04. The company has a market cap of $3.29 billion, a PE ratio of 26.05 and a beta of 0.98. The company has a 50-day moving average of $99.65 and a two-hundred day moving average of $95.92.

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).