AE Wealth Management LLC Cuts Stock Holdings in iShares US Real Estate ETF (NYSEARCA:IYR)
AE Wealth Management LLC lowered its stake in shares of iShares US Real Estate ETF (NYSEARCA:IYR – Get Rating) by 90.4% during the first quarter, HoldingsChannel.com reports. The firm owned 10,952 shares of the real estate investment trust’s stock after selling 102,605 shares during the period. AE Wealth Management LLC’s holdings in iShares US Real Estate ETF were worth $1,185,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its stake in iShares US Real Estate ETF by 269.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 240 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 175 shares during the period. First National Bank of South Miami purchased a new position in iShares US Real Estate ETF during the fourth quarter worth approximately $31,000. Curi Wealth Management LLC purchased a new position in iShares US Real Estate ETF during the fourth quarter worth approximately $38,000. Concord Wealth Partners purchased a new position in iShares US Real Estate ETF during the fourth quarter worth approximately $39,000. Finally, National Bank of Canada FI purchased a new position in iShares US Real Estate ETF during the fourth quarter worth approximately $41,000.
Shares of IYR stock opened at $93.32 on Wednesday. The company’s fifty-day simple moving average is $95.76 and its 200-day simple moving average is $103.18. iShares US Real Estate ETF has a 52 week low of $86.57 and a 52 week high of $116.89.
About iShares US Real Estate ETF (Get Rating)
iShares US Real Estate ETF, formerly iShares Dow Jones US 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 US 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).
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