Beto Financial Group LLC Acquires New Shares in iShares U.S. Real Estate ETF $IYR

Beto Financial Group LLC acquired a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,690 shares of the real estate investment trust’s stock, valued at approximately $2,542,000. iShares U.S. Real Estate ETF comprises approximately 1.7% of Beto Financial Group LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WealthNavi Inc. grew its stake in iShares U.S. Real Estate ETF by 10.2% in the fourth quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock valued at $548,218,000 after acquiring an additional 540,270 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 45.9% during the second quarter. Ameriprise Financial Inc. now owns 335,818 shares of the real estate investment trust’s stock worth $31,824,000 after buying an additional 105,669 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Real Estate ETF by 0.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 325,997 shares of the real estate investment trust’s stock worth $30,608,000 after buying an additional 920 shares during the period. Cibc World Market Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 1,235.6% during the third quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock worth $30,966,000 after buying an additional 295,095 shares during the period. Finally, Connable Office Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 1.7% during the fourth quarter. Connable Office Inc. now owns 299,557 shares of the real estate investment trust’s stock worth $28,125,000 after buying an additional 5,112 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Price Performance

IYR stock opened at $99.60 on Tuesday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 35.41 and a beta of 0.99. The business has a 50-day moving average of $99.70 and a 200-day moving average of $97.65. iShares U.S. Real Estate ETF has a fifty-two week low of $92.45 and a fifty-two week high of $103.64.

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).