Kellett Wealth Advisors LLC Takes $1.04 Million Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Kellett Wealth Advisors LLC bought a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 11,337 shares of the real estate investment trust’s stock, valued at approximately $1,036,000. iShares U.S. Real Estate ETF accounts for 0.8% of Kellett Wealth Advisors LLC’s holdings, making the stock its 22nd largest holding.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in iShares U.S. Real Estate ETF by 17.2% in the first quarter. Bank of New York Mellon Corp now owns 32,084 shares of the real estate investment trust’s stock valued at $3,472,000 after acquiring an additional 4,703 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter valued at $10,357,000. Baird Financial Group Inc. raised its holdings in iShares U.S. Real Estate ETF by 6.8% during the first quarter. Baird Financial Group Inc. now owns 57,929 shares of the real estate investment trust’s stock valued at $6,270,000 after buying an additional 3,710 shares in the last quarter. Oxford Financial Group Ltd. bought a new position in iShares U.S. Real Estate ETF during the first quarter valued at about $69,000. Finally, Equitable Holdings Inc. raised its holdings in iShares U.S. Real Estate ETF by 10.4% during the first quarter. Equitable Holdings Inc. now owns 2,131 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 200 shares in the last quarter.

iShares U.S. Real Estate ETF Trading Down 0.0 %

NYSEARCA IYR traded down $0.03 during trading on Thursday, hitting $81.60. 5,541,789 shares of the company traded hands, compared to its average volume of 6,765,270. iShares U.S. Real Estate ETF has a 12 month low of $72.88 and a 12 month high of $92.85. The business has a fifty day simple moving average of $87.71 and a 200 day simple moving average of $85.32. The company has a market capitalization of $3.92 billion, a P/E ratio of 26.96 and a beta of 0.97.

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).