Park Avenue Securities LLC Purchases 30,061 Shares of iShares U.S. Real Estate ETF $IYR

Park Avenue Securities LLC purchased a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the third quarter, HoldingsChannel reports. The institutional investor purchased 30,061 shares of the real estate investment trust’s stock, valued at approximately $2,857,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at $399,722,000. Bank of America Corp DE increased its position in shares of iShares U.S. Real Estate ETF by 12.7% during the first quarter. Bank of America Corp DE now owns 1,292,491 shares of the real estate investment trust’s stock worth $122,218,000 after purchasing an additional 145,840 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of iShares U.S. Real Estate ETF during the third quarter worth about $37,723,000. Magnus Financial Group LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 3.5% in the 3rd quarter. Magnus Financial Group LLC now owns 188,158 shares of the real estate investment trust’s stock valued at $17,883,000 after purchasing an additional 6,282 shares during the last quarter. Finally, Passaic Partners LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 1.5% in the 2nd quarter. Passaic Partners LLC now owns 186,130 shares of the real estate investment trust’s stock valued at $19,032,000 after purchasing an additional 2,826 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Stock Performance

iShares U.S. Real Estate ETF stock opened at $99.66 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 35.41 and a beta of 0.96. iShares U.S. Real Estate ETF has a fifty-two week low of $92.45 and a fifty-two week high of $108.17. The stock has a 50-day simple moving average of $98.85 and a 200-day simple moving average of $100.31.

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).