Rialto Wealth Management LLC Takes Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Rialto Wealth Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 600 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Real Estate ETF by 140.7% during the third quarter. JPMorgan Chase & Co. now owns 413,325 shares of the real estate investment trust’s stock valued at $42,106,000 after acquiring an additional 241,586 shares in the last quarter. Franklin Resources Inc. boosted its holdings in iShares U.S. Real Estate ETF by 19.1% in the third quarter. Franklin Resources Inc. now owns 2,031 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 325 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in iShares U.S. Real Estate ETF by 5.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,877 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 207 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at approximately $4,176,000. Finally, Principal Securities Inc. increased its holdings in iShares U.S. Real Estate ETF by 67.9% during the 4th quarter. Principal Securities Inc. now owns 2,465 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 997 shares during the last quarter.

iShares U.S. Real Estate ETF Stock Up 0.7 %

Shares of IYR opened at $96.97 on Monday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 32.35 and a beta of 1.08. The business’s 50 day moving average is $94.93 and its two-hundred day moving average is $97.82. iShares U.S. Real Estate ETF has a 52-week low of $81.25 and a 52-week high of $104.04.

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).