Hsbc Holdings PLC Sells 4,243,578 Shares of iShares U.S. Real Estate ETF $IYR

Hsbc Holdings PLC lowered its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 99.9% in the first quarter, Holdings Channel reports. The firm owned 2,148 shares of the real estate investment trust’s stock after selling 4,243,578 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Real Estate ETF were worth $203,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IYR. Graybill Wealth Management LTD. raised its holdings in iShares U.S. Real Estate ETF by 2.1% in the fourth quarter. Graybill Wealth Management LTD. now owns 5,220 shares of the real estate investment trust’s stock worth $490,000 after purchasing an additional 108 shares during the period. Moors & Cabot Inc. lifted its holdings in iShares U.S. Real Estate ETF by 1.3% during the third quarter. Moors & Cabot Inc. now owns 8,398 shares of the real estate investment trust’s stock worth $815,000 after acquiring an additional 108 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in iShares U.S. Real Estate ETF by 15.2% during the third quarter. Russell Investments Group Ltd. now owns 870 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 115 shares in the last quarter. Allie Family Office LLC grew its stake in iShares U.S. Real Estate ETF by 0.3% in the fourth quarter. Allie Family Office LLC now owns 50,499 shares of the real estate investment trust’s stock valued at $4,738,000 after acquiring an additional 131 shares during the period. Finally, Blair William & Co. IL grew its stake in iShares U.S. Real Estate ETF by 0.8% in the fourth quarter. Blair William & Co. IL now owns 20,439 shares of the real estate investment trust’s stock valued at $1,919,000 after acquiring an additional 155 shares during the period. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

Shares of iShares U.S. Real Estate ETF stock opened at $105.23 on Tuesday. The company has a market capitalization of $4.80 billion, a P/E ratio of 35.41 and a beta of 0.97. The business has a 50-day moving average of $103.50 and a two-hundred day moving average of $100.49. iShares U.S. Real Estate ETF has a 1 year low of $92.45 and a 1 year high of $108.17.

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).