iShares U.S. Real Estate ETF Sees Unusually Large Options Volume (NYSEARCA:IYR)

iShares U.S. Real Estate ETF (NYSEARCA:IYR) saw unusually large options trading activity on Friday. Stock traders purchased 31,944 put options on the company. This is an increase of approximately 496% compared to the average volume of 5,359 put options.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its position in shares of iShares U.S. Real Estate ETF by 10.7% during the 1st quarter. Kestra Advisory Services LLC now owns 27,723 shares of the real estate investment trust’s stock worth $2,621,000 after purchasing an additional 2,675 shares in the last quarter. Sage Rhino Capital LLC boosted its position in shares of 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 worth $2,998,000 after purchasing an additional 6,171 shares in the last quarter. Forte Asset Management LLC boosted its position 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 purchasing an additional 1,867 shares in the last quarter. Sierra Ocean LLC lifted its position in iShares U.S. Real Estate ETF by 13.7% in the 1st quarter. Sierra Ocean LLC now owns 2,773 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 335 shares in the last quarter. Finally, BIP Wealth LLC bought a new position in iShares U.S. Real Estate ETF in the 1st quarter valued at about $223,000. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock traded down $0.11 on Friday, reaching $102.52. 2,137,582 shares of the company were exchanged, compared to its average volume of 7,603,032. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 35.41 and a beta of 1.02. The company has a 50-day moving average of $98.64 and a 200-day moving average of $96.79. iShares U.S. Real Estate ETF has a one year low of $91.40 and a one year high of $103.32.

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).