Fifth Third Bancorp Buys 23,877 Shares of iShares U.S. Real Estate ETF $IYR

Fifth Third Bancorp raised its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 5,939.6% during the first quarter, Holdings Channel reports. The firm owned 24,279 shares of the real estate investment trust’s stock after buying an additional 23,877 shares during the quarter. Fifth Third Bancorp’s holdings in iShares U.S. Real Estate ETF were worth $2,296,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its position in shares of iShares U.S. Real Estate ETF by 10.7% during the first quarter. Kestra Advisory Services LLC now owns 27,723 shares of the real estate investment trust’s stock valued at $2,621,000 after buying an additional 2,675 shares during the period. Sage Rhino Capital LLC boosted its position in iShares U.S. Real Estate ETF by 24.2% during the 1st quarter. Sage Rhino Capital LLC now owns 31,706 shares of the real estate investment trust’s stock valued at $2,998,000 after acquiring an additional 6,171 shares in the last quarter. Forte Asset Management LLC grew its holdings in shares of iShares U.S. Real Estate ETF by 5.5% during the 1st quarter. Forte Asset Management LLC now owns 36,008 shares of the real estate investment trust’s stock worth $3,405,000 after acquiring an additional 1,867 shares during the period. Sierra Ocean LLC grew its holdings in shares of iShares U.S. Real Estate ETF by 13.7% during the 1st quarter. Sierra Ocean LLC now owns 2,773 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 335 shares during the period. Finally, BIP Wealth LLC bought a new position in shares of iShares U.S. Real Estate ETF in the 1st quarter worth approximately $223,000. 98.41% of the stock is currently owned by institutional investors.

iShares U.S. Real Estate ETF Stock Performance

Shares of NYSEARCA:IYR opened at $105.52 on Wednesday. The firm has a market capitalization of $4.53 billion, a P/E ratio of 35.41 and a beta of 0.97. The stock has a 50 day moving average price of $102.74 and a 200-day moving average price of $99.77. iShares U.S. Real Estate ETF has a 52-week low of $92.45 and a 52-week high of $107.37.

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).