Balboa Wealth Partners Decreases Stock Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Balboa Wealth Partners decreased its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 38.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,420 shares of the real estate investment trust’s stock after selling 11,385 shares during the period. Balboa Wealth Partners’ holdings in iShares U.S. Real Estate ETF were worth $1,714,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Avantax Advisory Services Inc. raised its position in iShares U.S. Real Estate ETF by 22.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 20,332 shares of the real estate investment trust’s stock worth $1,892,000 after buying an additional 3,742 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of iShares U.S. Real Estate ETF by 4.0% during the 4th quarter. Moors & Cabot Inc. now owns 7,929 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 305 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $42,000. Independent Advisor Alliance purchased a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $337,000. Finally, Sowell Financial Services LLC increased its position in shares of iShares U.S. Real Estate ETF by 21.8% during the 4th quarter. Sowell Financial Services LLC now owns 17,991 shares of the real estate investment trust’s stock valued at $1,674,000 after purchasing an additional 3,224 shares during the last quarter.

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

NYSEARCA IYR opened at $94.54 on Thursday. iShares U.S. Real Estate ETF has a 52 week low of $81.25 and a 52 week high of $104.04. The firm has a market capitalization of $3.73 billion, a P/E ratio of 32.35 and a beta of 1.08. The company has a 50-day moving average price of $95.07 and a 200-day moving average price of $97.76.

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).