Adell Harriman & Carpenter Inc. Lowers Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Adell Harriman & Carpenter Inc. decreased its position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,442 shares of the real estate investment trust’s stock after selling 400 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Real Estate ETF were worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IYR. Modus Advisors LLC purchased a new stake in iShares U.S. Real Estate ETF during the fourth quarter valued at about $28,000. Wolverine Asset Management LLC purchased a new stake in iShares U.S. Real Estate ETF during the third quarter valued at about $30,000. Avior Wealth Management LLC raised its position in iShares U.S. Real Estate ETF by 146.0% during the fourth quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 238 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in iShares U.S. Real Estate ETF during the third quarter valued at about $41,000. Finally, Transcendent Capital Group LLC raised its position in iShares U.S. Real Estate ETF by 159.4% during the third quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter.

iShares U.S. Real Estate ETF Stock Down 0.4 %

NYSEARCA IYR opened at $95.93 on Friday. The stock’s 50-day simple moving average is $94.37 and its two-hundred day simple moving average is $97.56. iShares U.S. Real Estate ETF has a twelve month low of $81.25 and a twelve month high of $104.04. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 26.05 and a beta of 0.98.

About iShares U.S. Real Estate ETF

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).