Pure Financial Advisors LLC Acquires Stake in iShares U.S. Real Estate ETF (IYR)
Pure Financial Advisors LLC recently acquired a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR), according to a recent disclosure with the Securities and Exchange Commission. The firm acquired 2,499 shares of the real estate investment trust’s stock, valued at approximately $228,000.
This news comes as other institutional investors and hedge funds have also been making moves with their holdings of the company. Modera Wealth Management LLC raised its position in iShares U.S. Real Estate ETF, Alliancebernstein L.P. and Flagstar Advisors Inc. boosted their holdings, and TAGStone Capital Inc. and Bank of New York Mellon Corp. have also increased their stakes in the company.
Despite these acquisitions, iShares U.S. Real Estate ETF saw a slight decrease in trading, with the stock down 0.1% as of Friday. The company has a market cap of $3.08 billion, a PE ratio of 28.43, and a beta of 0.91. Its 50-day moving average price is $88.25 and its 200-day moving average price is $84.62.
iShares U.S. Real Estate ETF, formerly known as iShares Dow Jones U.S. Real Estate Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index. The index measures the performance of the real estate sector of the United States equity market, including companies in real estate holding and development, as well as real estate investment trusts (REITs).
For more information on hedge fund holdings and insider trades related to iShares U.S. Real Estate ETF, investors can visit HoldingsChannel.com. Stay informed with the latest news and analyst ratings by signing up for MarketBeat.com’s FREE daily email newsletter.
