HighTower Advisors LLC Sells 195 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

HighTower Advisors LLC lessened its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 77,682 shares of the real estate investment trust’s stock after selling 195 shares during the period. HighTower Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $7,229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth about $27,000. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth about $28,000. Avior Wealth Management LLC lifted its position in shares of iShares U.S. Real Estate ETF by 146.0% in the 4th quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 238 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth about $42,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth about $56,000.

iShares U.S. Real Estate ETF Trading Down 0.8 %

NYSEARCA:IYR opened at $95.39 on Wednesday. The company has a 50-day moving average price of $95.26 and a 200-day moving average price of $97.63. iShares U.S. Real Estate ETF has a 12 month low of $81.25 and a 12 month high of $104.04. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 32.35 and a beta of 1.08.

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).