First Financial Corp IN Makes New $2 Million Investment in iShares U.S. Real Estate ETF $IYR

First Financial Corp IN purchased a new position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,023 shares of the real estate investment trust’s stock, valued at approximately $1,998,000. iShares U.S. Real Estate ETF makes up 0.7% of First Financial Corp IN’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds have also made changes to their positions in the company. Consolidated Capital Management LLC grew its stake in iShares U.S. Real Estate ETF by 0.7% during the 3rd quarter. Consolidated Capital Management LLC now owns 60,692 shares of the real estate investment trust’s stock valued at $5,768,000 after acquiring an additional 413 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the third quarter worth approximately $124,000. Farther Finance Advisors LLC boosted its holdings in shares of iShares U.S. Real Estate ETF by 33.6% during the third quarter. Farther Finance Advisors LLC now owns 8,937 shares of the real estate investment trust’s stock worth $849,000 after purchasing an additional 2,247 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of iShares U.S. Real Estate ETF by 97.1% during the third quarter. CoreCap Advisors LLC now owns 885 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 436 shares during the period. Finally, Legacy Private Trust Co. purchased a new position in iShares U.S. Real Estate ETF during the third quarter valued at approximately $1,719,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

IYR traded down $0.24 on Tuesday, reaching $96.62. 4,658,554 shares of the company traded hands, compared to its average volume of 6,450,607. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 35.41 and a beta of 0.96. The stock’s 50 day moving average price is $100.65 and its 200-day moving average price is $101.42. iShares U.S. Real Estate ETF has a 52-week low of $92.45 and a 52-week high of $108.17.

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).