HighTower Advisors LLC Sells 5,894 Shares of iShares U.S. Real Estate ETF $IYR

HighTower Advisors LLC cut its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,805 shares of the real estate investment trust’s stock after selling 5,894 shares during the quarter. HighTower Advisors LLC owned about 0.09% of iShares U.S. Real Estate ETF worth $3,737,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. WealthNavi Inc. raised its stake in shares of 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 buying an additional 540,270 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 45.9% in the second quarter. Ameriprise Financial Inc. now owns 335,818 shares of the real estate investment trust’s stock valued at $31,824,000 after buying an additional 105,669 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Real Estate ETF by 33.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 325,077 shares of the real estate investment trust’s stock valued at $31,559,000 after buying an additional 82,256 shares during the period. Cibc World Market Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 1,235.6% in the third quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock valued at $30,966,000 after buying an additional 295,095 shares during the period. Finally, Connable Office Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 1.7% in the fourth quarter. Connable Office Inc. now owns 299,557 shares of the real estate investment trust’s stock valued at $28,125,000 after buying an additional 5,112 shares during the period. 98.41% of the stock is currently owned by institutional investors.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR opened at $101.43 on Friday. The firm has a market cap of $4.15 billion, a PE ratio of 35.41 and a beta of 0.99. The stock’s fifty day moving average price is $99.63 and its two-hundred day moving average price is $97.61. iShares U.S. Real Estate ETF has a 1 year low of $92.45 and a 1 year 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).