Raymond James & Associates Sells 13,042 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Raymond James & Associates trimmed its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 94,929 shares of the real estate investment trust’s stock after selling 13,042 shares during the period. Raymond James & Associates’ holdings in iShares U.S. Real Estate ETF were worth $9,670,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IYR. Connable Office Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 8.9% during the second quarter. Connable Office Inc. now owns 404,881 shares of the real estate investment trust’s stock valued at $35,524,000 after buying an additional 33,203 shares during the last quarter. SG Americas Securities LLC increased its stake in iShares U.S. Real Estate ETF by 86.1% in the 3rd quarter. SG Americas Securities LLC now owns 208,947 shares of the real estate investment trust’s stock worth $21,285,000 after buying an additional 96,659 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares U.S. Real Estate ETF by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 189,112 shares of the real estate investment trust’s stock valued at $16,593,000 after buying an additional 8,626 shares in the last quarter. Omega Financial Group LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 7.2% in the second quarter. Omega Financial Group LLC now owns 156,253 shares of the real estate investment trust’s stock worth $13,710,000 after purchasing an additional 10,461 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in iShares U.S. Real Estate ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 132,819 shares of the real estate investment trust’s stock worth $11,654,000 after purchasing an additional 4,695 shares during the last quarter.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock opened at $99.53 on Wednesday. The stock’s 50 day simple moving average is $100.42 and its two-hundred day simple moving average is $92.57. The company has a market cap of $3.36 billion, a PE ratio of 26.05 and a beta of 0.98. iShares U.S. Real Estate ETF has a 1 year low of $72.88 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).