Adell Harriman & Carpenter Inc. Reduces Stock Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Adell Harriman & Carpenter Inc. lowered its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,042 shares of the real estate investment trust’s stock after selling 2,722 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Real Estate ETF were worth $1,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IYR. Connable Office Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter worth $31,048,000. Balanced Wealth Group LLC bought a new stake in iShares U.S. Real Estate ETF during the fourth quarter valued at $769,000. Sentinel Trust Co. LBA bought a new stake in iShares U.S. Real Estate ETF during the fourth quarter valued at $463,000. Thompson Siegel & Walmsley LLC boosted its stake in iShares U.S. Real Estate ETF by 23.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 981 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 189 shares during the period. Finally, Wealthspire Advisors LLC bought a new stake in iShares U.S. Real Estate ETF during the fourth quarter worth about $258,000.

iShares U.S. Real Estate ETF Price Performance

IYR stock traded down $0.05 during mid-day trading on Tuesday, hitting $99.48. 982,070 shares of the stock were exchanged, compared to its average volume of 5,856,345. The business has a fifty day moving average price of $93.06 and a 200 day moving average price of $88.94. iShares U.S. Real Estate ETF has a 12 month low of $72.88 and a 12 month high of $99.69. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 26.05 and a beta of 0.98.

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).