Sage Rhino Capital LLC Grows Stock Holdings in iShares U.S. Real Estate ETF $IYR

Sage Rhino Capital LLC grew its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 24.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,706 shares of the real estate investment trust’s stock after purchasing an additional 6,171 shares during the quarter. Sage Rhino Capital LLC owned approximately 0.08% of iShares U.S. Real Estate ETF worth $2,998,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at $399,722,000. Cibc World Markets Corp purchased a new position in iShares U.S. Real Estate ETF during the fourth quarter worth about $322,756,000. Price T Rowe Associates Inc. MD acquired a new stake in iShares U.S. Real Estate ETF in the 4th quarter worth about $276,312,000. WealthNavi Inc. boosted its stake in iShares U.S. Real Estate ETF by 10.2% in the 4th quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock worth $548,218,000 after buying an additional 540,270 shares during the last quarter. Finally, Jain Global LLC boosted its stake in iShares U.S. Real Estate ETF by 151.5% in the 3rd quarter. Jain Global LLC now owns 128,767 shares of the real estate investment trust’s stock worth $12,501,000 after buying an additional 378,767 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Trading Up 1.9%

IYR traded up $1.91 during midday trading on Tuesday, hitting $105.14. The company’s stock had a trading volume of 1,452,788 shares, compared to its average volume of 6,978,068. iShares U.S. Real Estate ETF has a 52-week low of $92.45 and a 52-week high of $105.16. The firm has a 50-day moving average price of $102.25 and a two-hundred day moving average price of $98.96. The firm has a market cap of $4.66 billion, a P/E ratio of 35.41 and a beta of 0.97.

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).