Farther Finance Advisors LLC Lowers Stock Holdings in iShares U.S. Real Estate ETF $IYR

Farther Finance Advisors LLC lessened its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 81.1% during the third quarter, HoldingsChannel reports. The firm owned 13,190 shares of the real estate investment trust’s stock after selling 56,688 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IYR. Gallagher Fiduciary Advisors LLC grew its position in shares of iShares U.S. Real Estate ETF by 9,674.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 1,554,040 shares of the real estate investment trust’s stock valued at $147,276,000 after purchasing an additional 1,538,141 shares during the period. Citigroup Inc. boosted its stake in iShares U.S. Real Estate ETF by 149.4% in the 2nd quarter. Citigroup Inc. now owns 1,807,775 shares of the real estate investment trust’s stock worth $171,323,000 after buying an additional 1,083,044 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in iShares U.S. Real Estate ETF by 43,235.4% in the 1st quarter. Jones Financial Companies Lllp now owns 913,511 shares of the real estate investment trust’s stock worth $95,014,000 after buying an additional 911,403 shares during the last quarter. Hsbc Holdings PLC grew its holdings in iShares U.S. Real Estate ETF by 69.1% in the 2nd quarter. Hsbc Holdings PLC now owns 790,403 shares of the real estate investment trust’s stock valued at $74,173,000 after buying an additional 322,881 shares during the period. Finally, WealthNavi Inc. increased its stake in shares of iShares U.S. Real Estate ETF by 4.2% during the 2nd quarter. WealthNavi Inc. now owns 4,895,086 shares of the real estate investment trust’s stock valued at $463,907,000 after acquiring an additional 198,229 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock opened at $94.32 on Friday. The firm’s 50-day simple moving average is $95.23 and its 200-day simple moving average is $95.71. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $99.62. The firm has a market cap of $3.71 billion, a P/E ratio of 35.41 and a beta of 1.01.

iShares U.S. Real Estate ETF Profile

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).