Running Point Capital Advisors LLC Cuts Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Running Point Capital Advisors LLC trimmed its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 55,898 shares of the real estate investment trust’s stock after selling 515 shares during the quarter. iShares U.S. Real Estate ETF makes up approximately 2.2% of Running Point Capital Advisors LLC’s portfolio, making the stock its 13th largest holding. Running Point Capital Advisors LLC’s holdings in iShares U.S. Real Estate ETF were worth $5,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Unionview LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 1.0% in the 3rd quarter. Unionview LLC now owns 11,830 shares of the real estate investment trust’s stock worth $1,205,000 after buying an additional 113 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in iShares U.S. Real Estate ETF by 0.4% during the second quarter. JFS Wealth Advisors LLC now owns 30,063 shares of the real estate investment trust’s stock worth $2,638,000 after acquiring an additional 117 shares during the last quarter. Tower Wealth Partners Inc. raised its position in 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 purchasing an additional 135 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of iShares U.S. Real Estate ETF by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,594 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 144 shares during the last quarter. Finally, Gray Private Wealth LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 0.9% in the 3rd quarter. Gray Private Wealth LLC now owns 17,612 shares of the real estate investment trust’s stock valued at $1,794,000 after purchasing an additional 154 shares during the last quarter.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA IYR opened at $98.91 on Thursday. The business’s 50 day moving average price is $100.21 and its 200-day moving average price is $94.35. iShares U.S. Real Estate ETF has a fifty-two week low of $81.25 and a fifty-two week high of $104.04. The company has a market cap of $3.34 billion, a P/E ratio of 26.05 and a beta of 0.98.

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).