B. Riley Wealth Advisors Inc. Invests $994,000 in iShares U.S. Real Estate ETF $IYR

B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the second quarter, Holdings Channel reports. The fund acquired 10,486 shares of the real estate investment trust’s stock, valued at approximately $994,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WealthNavi Inc. grew its stake in iShares U.S. Real Estate ETF by 4.2% during the second quarter. WealthNavi Inc. now owns 4,895,086 shares of the real estate investment trust’s stock worth $463,907,000 after buying an additional 198,229 shares during the last quarter. Citigroup Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 149.4% in the second quarter. Citigroup Inc. now owns 1,807,775 shares of the real estate investment trust’s stock valued at $171,323,000 after acquiring an additional 1,083,044 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of iShares U.S. Real Estate ETF by 9,674.5% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 1,554,040 shares of the real estate investment trust’s stock worth $147,276,000 after acquiring an additional 1,538,141 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co grew its position in iShares U.S. Real Estate ETF by 9.5% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 1,047,977 shares of the real estate investment trust’s stock worth $100,344,000 after acquiring an additional 90,800 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in iShares U.S. Real Estate ETF by 43,235.4% during 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 acquiring an additional 911,403 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Up 0.3%

Shares of NYSEARCA IYR opened at $95.08 on Tuesday. iShares U.S. Real Estate ETF has a 1-year low of $81.53 and a 1-year high of $99.62. The company has a 50-day moving average of $95.54 and a two-hundred day moving average of $95.79. The company has a market cap of $3.74 billion, a PE ratio of 35.41 and a beta of 1.01.

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).