Modern Wealth Management LLC Grows Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Modern Wealth Management LLC lifted its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 42.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,758 shares of the real estate investment trust’s stock after acquiring an additional 11,248 shares during the period. Modern Wealth Management LLC owned approximately 0.11% of iShares U.S. Real Estate ETF worth $3,627,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Synergy Investment Management LLC acquired a new position in iShares U.S. Real Estate ETF during the 4th quarter worth approximately $27,000. Modus Advisors LLC acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter worth $28,000. Avior Wealth Management LLC boosted its stake in shares of iShares U.S. Real Estate ETF by 146.0% in the fourth quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 238 shares during the period. Wealthfront Advisers LLC acquired a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at $42,000. Finally, Rialto Wealth Management LLC purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter worth $56,000.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA:IYR opened at $94.66 on Wednesday. The firm has a 50-day moving average of $95.67 and a two-hundred day moving average of $97.47. The stock has a market cap of $3.45 billion, a P/E ratio of 31.93 and a beta of 1.08. iShares U.S. Real Estate ETF has a 1-year low of $81.25 and a 1-year high of $104.04.

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).