Modern Wealth Management LLC Purchases 11,248 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Modern Wealth Management LLC grew its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 42.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,758 shares of the real estate investment trust’s stock after buying an additional 11,248 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Real Estate ETF were worth $3,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Clear Investment Research LLC boosted its position in shares of iShares U.S. Real Estate ETF by 5.0% during the 4th quarter. Clear Investment Research LLC now owns 2,301 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 109 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in iShares U.S. Real Estate ETF by 4.0% during 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 in the last quarter. Optimum Investment Advisors grew its stake in shares of iShares U.S. Real Estate ETF by 8.2% in the 4th quarter. Optimum Investment Advisors now owns 1,612 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 122 shares during the period. Arkansas Financial Group Inc. grew its stake in shares of 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 valued at $5,112,000 after purchasing an additional 140 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of 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 worth $477,000 after buying an additional 159 shares in the last quarter.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR stock opened at $94.66 on Wednesday. The stock’s fifty day simple moving average is $95.67 and its 200 day simple moving average is $97.47. iShares U.S. Real Estate ETF has a one year low of $81.25 and a one year high of $104.04. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 31.93 and a beta of 1.08.

iShares U.S. Real Estate ETF 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).