Private Advisor Group LLC Acquires 29,492 Shares of iShares US Real Estate ETF (NYSEARCA:IYR)

Private Advisor Group LLC increased its holdings in iShares US Real Estate ETF (NYSEARCA:IYR) by 90.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,124 shares of the real estate investment trust’s stock after buying an additional 29,492 shares during the quarter. Private Advisor Group LLC owned about 0.14% of iShares US Real Estate ETF worth $5,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IYR. Virtue Capital Management LLC acquired a new stake in shares of iShares US Real Estate ETF during the 1st quarter valued at $432,000. RiverGlades Family Offices LLC acquired a new stake in shares of iShares US Real Estate ETF during the 1st quarter valued at $2,470,000. Rockefeller Capital Management L.P. lifted its position in shares of iShares US Real Estate ETF by 21.2% during the 1st quarter. Rockefeller Capital Management L.P. now owns 15,265 shares of the real estate investment trust’s stock valued at $1,329,000 after acquiring an additional 2,675 shares during the last quarter. Intrust Bank NA acquired a new stake in shares of iShares US Real Estate ETF during the 1st quarter valued at $306,000. Finally, Global Financial Private Capital LLC acquired a new stake in shares of iShares US Real Estate ETF during the 1st quarter valued at $701,000.

Shares of NYSEARCA:IYR traded down $0.05 on Friday, reaching $87.31. 10,525,769 shares of the company traded hands, compared to its average volume of 8,089,781. The firm has a 50 day simple moving average of $88.22. iShares US Real Estate ETF has a fifty-two week low of $71.41 and a fifty-two week high of $91.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Tuesday, June 18th were issued a $0.6852 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from iShares US Real Estate ETF’s previous quarterly dividend of $0.60.

About iShares US 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).

Further Reading: What is the quiet period?

Institutional Ownership by Quarter for iShares US Real Estate ETF (NYSEARCA:IYR)

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