Davies Financial Advisors Inc. Decreases Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Davies Financial Advisors Inc. cut its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,316 shares of the real estate investment trust’s stock after selling 361 shares during the period. Davies Financial Advisors Inc.’s holdings in iShares U.S. Real Estate ETF were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in iShares U.S. Real Estate ETF during the second quarter valued at approximately $25,000. Sachetta LLC acquired a new stake in iShares U.S. Real Estate ETF in the second quarter worth about $31,000. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter valued at approximately $37,000. Larson Financial Group LLC raised its stake in shares of iShares U.S. Real Estate ETF by 93.7% during the 1st quarter. Larson Financial Group LLC now owns 672 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 325 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of iShares U.S. Real Estate ETF by 348.7% during the 2nd quarter. Mather Group LLC. now owns 682 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 530 shares in the last quarter.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock traded up $0.69 on Friday, hitting $98.70. 1,241,119 shares of the company’s stock were exchanged, compared to its average volume of 5,811,406. The stock has a market cap of $3.33 billion, a P/E ratio of 26.05 and a beta of 0.98. iShares U.S. Real Estate ETF has a 12 month low of $72.88 and a 12 month high of $104.04. The company has a 50 day moving average of $99.11 and a 200 day moving average of $91.44.

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).