M&G PLC Acquires Shares of 26,200 iShares U.S. Real Estate ETF $IYR

M&G PLC bought a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 26,200 shares of the real estate investment trust’s stock, valued at approximately $2,543,000.

A number of other institutional investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its holdings in iShares U.S. Real Estate ETF by 4.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 2,711 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 110 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of iShares U.S. Real Estate ETF by 4.1% in the third quarter. Arkadios Wealth Advisors now owns 2,809 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 110 shares during the period. Infinity Wealth Counsel LLC raised its position in shares of iShares U.S. Real Estate ETF by 3.0% in the third quarter. Infinity Wealth Counsel LLC now owns 4,885 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 140 shares during the period. Broadview Financial Management LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 0.9% during the 3rd quarter. Broadview Financial Management LLC now owns 18,788 shares of the real estate investment trust’s stock valued at $1,824,000 after buying an additional 164 shares in the last quarter. Finally, Garrison Point Advisors LLC grew its stake in iShares U.S. Real Estate ETF by 5.4% in the 2nd quarter. Garrison Point Advisors LLC now owns 3,290 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock opened at $101.21 on Wednesday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 35.41 and a beta of 1.01. The company’s fifty day simple moving average is $95.75 and its two-hundred day simple moving average is $95.92. iShares U.S. Real Estate ETF has a 1 year low of $81.53 and a 1 year high of $101.27.

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).