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WealthNavi Inc. grew its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,494,681 shares of the real estate investment trust’s stock after purchasing an additional 117,927 shares during the quarter. iShares U.S. Real Estate ETF makes up approximately 4.9% of WealthNavi Inc.’s portfolio, making the stock its 5th largest holding. WealthNavi Inc. owned 10.56% of iShares U.S. Real Estate ETF worth $302,430,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its position in iShares U.S. Real Estate ETF by 17.2% during the first quarter. Bank of New York Mellon Corp now owns 32,084 shares of the real estate investment trust’s stock worth $3,472,000 after buying an additional 4,703 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in iShares U.S. Real Estate ETF during the 1st quarter worth about $10,357,000. Baird Financial Group Inc. raised its stake in iShares U.S. Real Estate ETF by 6.8% in the 1st quarter. Baird Financial Group Inc. now owns 57,929 shares of the real estate investment trust’s stock valued at $6,270,000 after purchasing an additional 3,710 shares during the last quarter. Oxford Financial Group Ltd. purchased a new position in iShares U.S. Real Estate ETF in the 1st quarter valued at about $69,000. Finally, Equitable Holdings Inc. boosted its stake in shares of iShares U.S. Real Estate ETF by 10.4% during the 1st quarter. Equitable Holdings Inc. now owns 2,131 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 200 shares during the last quarter.
iShares U.S. Real Estate ETF Trading Up 1.5 %
Shares of NYSEARCA IYR traded up $1.26 during midday trading on Thursday, reaching $84.74. 2,014,466 shares of the stock were exchanged, compared to its average volume of 6,406,940. The stock has a 50 day moving average price of $86.16 and a 200-day moving average price of $84.79. The company has a market capitalization of $2.95 billion, a P/E ratio of 28.43 and a beta of 0.91. iShares U.S. Real Estate ETF has a 52-week low of $75.66 and a 52-week high of $96.02.
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).
See Also
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