Sequoia Financial Advisors LLC Sells 8,229 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Sequoia Financial Advisors LLC lessened its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 37.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,746 shares of the real estate investment trust’s stock after selling 8,229 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $1,279,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in shares of iShares U.S. Real Estate ETF by 4.0% in the third quarter. D.A. Davidson & CO. now owns 2,857 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 111 shares during the last quarter. Arkansas Financial Group Inc. grew its position in iShares U.S. Real Estate ETF by 0.3% in the 4th quarter. Arkansas Financial Group Inc. now owns 54,938 shares of the real estate investment trust’s stock worth $5,112,000 after purchasing an additional 140 shares in the last quarter. Spire Wealth Management increased its stake in iShares U.S. Real Estate ETF by 3.2% in the 4th quarter. Spire Wealth Management now owns 5,127 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 159 shares during the last quarter. Parkside Advisors LLC increased its stake in iShares U.S. Real Estate ETF by 1.1% in the 4th quarter. Parkside Advisors LLC now owns 15,735 shares of the real estate investment trust’s stock valued at $1,464,000 after buying an additional 176 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of iShares U.S. Real Estate ETF by 3.0% during the 4th quarter. Sound Income Strategies LLC now owns 6,838 shares of the real estate investment trust’s stock worth $636,000 after buying an additional 202 shares in the last quarter.

iShares U.S. Real Estate ETF Trading Up 2.0 %

Shares of IYR opened at $94.63 on Friday. The stock has a 50 day moving average of $95.11 and a 200 day moving average of $97.68. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 32.35 and a beta of 1.08. iShares U.S. Real Estate ETF has a 12 month low of $81.25 and a 12 month high of $104.04.

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).