Truist Financial Corp Increases Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)
Truist Financial Corp Increases Position in iShares U.S. Real Estate ETF
Truist Financial Corp has recently raised its position in shares of iShares U.S. Real Estate ETF by 1.1% during the fourth quarter, according to a report from Holdings Channel.com. The firm now owns 45,512 shares of the real estate investment trust’s stock, with a value of $4,160,000 at the end of the reporting period.
Other hedge funds have also made changes to their holdings of IYR, including Rather & Kittrell Inc., Rodgers & Associates LTD, Stevens Capital Management LP, Bailard Inc., and BIP Wealth LLC. These firms have all either increased their positions or purchased new shares of iShares U.S. Real Estate ETF.
The stock performance of iShares U.S. Real Estate ETF has been steady, with shares opening at $84.67 on Tuesday. The company has a market cap of $3.69 billion and a P/E ratio of 25.26. The firm’s fifty-day moving average is $86.71, while the two-hundred day moving average is $85.91.
iShares U.S. Real Estate ETF, formerly known as iShares Dow Jones U.S. Real Estate Index Fund, is a non-diversified fund that seeks to match the price and yield performance of the Dow Jones U.S. Real Estate Index. This index tracks the performance of the real estate sector in the United States equity market, including companies in real estate holding and development, as well as real estate investment trusts (REITs).
Investors interested in iShares U.S. Real Estate ETF can visit HoldingsChannel.com to access the latest 13F filings and insider trades for the stock. Stay informed with a daily email newsletter from MarketBeat.com for news and ratings on iShares U.S. Real Estate ETF and related companies.
