BNP Paribas Financial Markets Cuts Holdings in iShares U.S. Real Estate ETF $IYR

BNP Paribas Financial Markets trimmed its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,126,334 shares of the real estate investment trust’s stock after selling 329,737 shares during the quarter. BNP Paribas Financial Markets owned approximately 5.02% of iShares U.S. Real Estate ETF worth $199,641,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in iShares U.S. Real Estate ETF by 145.9% during the fourth quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 159 shares during the period. Glassy Mountain Advisors Inc. purchased a new position in iShares U.S. Real Estate ETF in the third quarter worth $27,000. Fifth Third Bancorp purchased a new position in iShares U.S. Real Estate ETF in the fourth quarter worth $38,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in iShares U.S. Real Estate ETF in the third quarter worth $39,000. Finally, AlphaCore Capital LLC purchased a new position in iShares U.S. Real Estate ETF in the fourth quarter worth $47,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Trading Down 0.9%

NYSEARCA IYR opened at $101.43 on Friday. The firm’s fifty day simple moving average is $99.63 and its two-hundred day simple moving average is $97.61. iShares U.S. Real Estate ETF has a 12-month low of $92.45 and a 12-month high of $103.64. The firm has a market capitalization of $4.15 billion, a P/E ratio of 35.41 and a beta of 0.99.

iShares U.S. Real Estate ETF Company 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).