Tower Wealth Partners Inc. Increases Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Tower Wealth Partners Inc. boosted its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 3,894 shares of the real estate investment trust’s stock after purchasing an additional 135 shares during the period. Tower Wealth Partners Inc.’s holdings in iShares U.S. Real Estate ETF were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Cibc World Markets Corp raised its stake in shares of iShares U.S. Real Estate ETF by 132,707.9% in the 4th quarter. Cibc World Markets Corp now owns 4,648,278 shares of the real estate investment trust’s stock valued at $424,899,000 after purchasing an additional 4,644,778 shares in the last quarter. Schroder Investment Management Group raised its stake in iShares U.S. Real Estate ETF by 1,830.7% during the fourth quarter. Schroder Investment Management Group now owns 1,224,326 shares of the real estate investment trust’s stock valued at $111,916,000 after buying an additional 1,160,912 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in iShares U.S. Real Estate ETF by 312.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 455,741 shares of the real estate investment trust’s stock valued at $41,659,000 after buying an additional 345,281 shares in the last quarter. Connable Office Inc. bought a new position in iShares U.S. Real Estate ETF during the 4th quarter worth approximately $31,048,000. Finally, Corient Private Wealth LLC grew its position in shares of iShares U.S. Real Estate ETF by 82.0% in the 4th quarter. Corient Private Wealth LLC now owns 382,339 shares of the real estate investment trust’s stock worth $34,950,000 after acquiring an additional 172,276 shares in the last quarter.

iShares U.S. Real Estate ETF Trading Up 0.5 %

IYR stock opened at $103.61 on Tuesday. The stock’s 50 day simple moving average is $96.10 and its 200 day simple moving average is $89.98. iShares U.S. Real Estate ETF has a 12-month low of $72.88 and a 12-month high of $103.93. The firm has a market cap of $3.50 billion, a P/E ratio of 26.05 and a beta of 0.98.

iShares U.S. Real Estate ETF Company Profile

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).