Investment Update: Schonfeld Strategic Advisors LLC Buys Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)
Schonfeld Strategic Advisors LLC has made a significant investment in iShares U.S. Real Estate ETF (NYSEARCA:IYR), purchasing 13,605 shares valued at approximately $1.063 million. This move comes as several other large investors have also increased their stakes in the real estate investment trust.
Citigroup Inc. saw a 592.7% growth in its stake in IYR during the third quarter, now owning over 1 million shares worth $80.857 million. Two Sigma Advisers LP, Bank of America Corp DE, Point72 Asset Management L.P., and Tudor Investment Corp Et Al have also made substantial investments in the ETF.
The stock of iShares U.S. Real Estate ETF is currently up 1.1%, trading at $90.85 with a market capitalization of $3.17 billion. The company has a PE ratio of 28.43 and a beta of 0.91. Its 50-day and 200-day moving averages stand at $88.38 and $84.45, respectively.
iShares U.S. Real Estate ETF, formerly known as iShares Dow Jones U.S. Real Estate Index Fund, seeks to correspond to the price and yield performance of the Dow Jones U.S. Real Estate Index. This index measures the performance of the real estate sector of the U.S. equity market, including companies in real estate holding, development, and REITs.
For those interested in learning more about hedge fund holdings and insider trades related to IYR, HoldingsChannel.com provides access to the latest 13F filings. Investors can stay updated with the latest news and analyst ratings for iShares U.S. Real Estate ETF by subscribing to MarketBeat.com’s free daily email newsletter.
