Burke & Herbert Bank & Trust Co. Purchases New Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Burke & Herbert Bank & Trust Co. purchased a new stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,465 shares of the real estate investment trust’s stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cetera Trust Company N.A purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at $27,000. Concourse Financial Group Securities Inc. grew its holdings in shares of iShares U.S. Real Estate ETF by 72.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 475 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of iShares U.S. Real Estate ETF by 93.7% during the first quarter. Larson Financial Group LLC now owns 672 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 325 shares during the last quarter. Mather Group LLC. increased its position in shares of iShares U.S. Real Estate ETF by 348.7% during the second quarter. Mather Group LLC. now owns 682 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 530 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $65,000.

iShares U.S. Real Estate ETF Stock Up 0.8 %

NYSEARCA:IYR opened at $95.52 on Wednesday. The company has a market capitalization of $3.22 billion, a PE ratio of 26.05 and a beta of 0.98. iShares U.S. Real Estate ETF has a 52-week low of $72.88 and a 52-week high of $96.49. The stock’s 50 day moving average price is $90.27 and its 200 day moving average price is $87.96.

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).