Bank of Montreal Can Reduces Stock Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Bank of Montreal Can trimmed its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,214 shares of the real estate investment trust’s stock after selling 26,392 shares during the quarter. Bank of Montreal Can owned 0.32% of iShares U.S. Real Estate ETF worth $11,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IYR. Fifth Third Bancorp bought a new position in iShares U.S. Real Estate ETF during the second quarter valued at $25,000. Wolverine Asset Management LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the 3rd quarter worth about $30,000. Sachetta LLC bought a new position in iShares U.S. Real Estate ETF during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in iShares U.S. Real Estate ETF during the 2nd quarter valued at about $37,000. Finally, AlphaMark Advisors LLC bought a new stake in iShares U.S. Real Estate ETF in the third quarter worth about $41,000.

iShares U.S. Real Estate ETF Price Performance

Shares of NYSEARCA:IYR opened at $102.31 on Monday. The firm has a market capitalization of $3.45 billion, a PE ratio of 26.05 and a beta of 0.98. The business has a 50 day simple moving average of $100.06 and a two-hundred day simple moving average of $95.17. iShares U.S. Real Estate ETF has a 1 year low of $81.25 and a 1 year high of $104.04.

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).