Hsbc Holdings PLC Invests $399.72 Million in iShares U.S. Real Estate ETF $IYR

Hsbc Holdings PLC acquired a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,245,726 shares of the real estate investment trust’s stock, valued at approximately $399,722,000. Hsbc Holdings PLC owned about 10.03% of iShares U.S. Real Estate ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IYR. Brighton Jones LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 19.8% in the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 466 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of iShares U.S. Real Estate ETF by 68.9% during the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 308 shares during the period. Baird Financial Group Inc. raised its holdings in shares of iShares U.S. Real Estate ETF by 8.0% during the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock worth $1,530,000 after purchasing an additional 1,200 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth about $213,000. Finally, Bank of Nova Scotia bought a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth about $592,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Stock Up 1.3%

Shares of NYSEARCA:IYR opened at $104.01 on Friday. iShares U.S. Real Estate ETF has a fifty-two week low of $92.45 and a fifty-two week high of $104.77. The firm has a 50-day simple moving average of $102.15 and a 200 day simple moving average of $98.82. The company has a market cap of $4.81 billion, a PE ratio of 35.41 and a beta of 0.97.

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).