Foundation Wealth Management LLC Sells 1,644 Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Foundation Wealth Management LLC reduced its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,983 shares of the real estate investment trust’s stock after selling 1,644 shares during the period. iShares U.S. Real Estate ETF accounts for approximately 1.3% of Foundation Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Foundation Wealth Management LLC owned approximately 0.05% of iShares U.S. Real Estate ETF worth $1,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in iShares U.S. Real Estate ETF by 0.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 30,063 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 117 shares during the period. Tower Wealth Partners Inc. increased its position in shares of iShares U.S. Real Estate ETF by 3.6% during the second quarter. Tower Wealth Partners Inc. now owns 3,894 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 135 shares during the period. Thrivent Financial for Lutherans increased its position in shares of iShares U.S. Real Estate ETF by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 8,594 shares of the real estate investment trust’s stock valued at $754,000 after buying an additional 144 shares during the period. Gray Private Wealth LLC increased its position in shares of iShares U.S. Real Estate ETF by 0.9% during the third quarter. Gray Private Wealth LLC now owns 17,612 shares of the real estate investment trust’s stock valued at $1,794,000 after buying an additional 154 shares during the period. Finally, Garrison Point Advisors LLC increased its position in shares of iShares U.S. Real Estate ETF by 5.5% during the third quarter. Garrison Point Advisors LLC now owns 2,958 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 154 shares during the period.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR traded down $1.11 during midday trading on Friday, hitting $97.20. 9,487,515 shares of the company traded hands, compared to its average volume of 5,796,634. The stock has a 50-day moving average of $100.54 and a 200-day moving average of $92.93. iShares U.S. Real Estate ETF has a one year low of $76.65 and a one year high of $104.04. The firm has a market cap of $3.28 billion, a P/E 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).