First Horizon Advisors Inc. Has $65,000 Stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

First Horizon Advisors Inc. trimmed its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 698 shares of the real estate investment trust’s stock after selling 494 shares during the period. First Horizon Advisors Inc.’s holdings in iShares U.S. Real Estate ETF were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wolverine Asset Management LLC bought a new position in iShares U.S. Real Estate ETF in the third quarter valued at $30,000. Modus Advisors LLC bought a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at $28,000. Avior Wealth Management LLC grew its position in iShares U.S. Real Estate ETF by 146.0% in 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. Transcendent Capital Group LLC grew its position in shares of iShares U.S. Real Estate ETF by 159.4% in the 3rd quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 247 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter valued at about $69,000.

iShares U.S. Real Estate ETF Price Performance

Shares of IYR opened at $97.65 on Friday. The firm has a 50-day moving average of $94.35 and a 200-day moving average of $97.71. iShares U.S. Real Estate ETF has a one year low of $81.25 and a one year high of $104.04. The company has a market cap of $4.03 billion, a PE ratio of 34.21 and a beta of 1.07.

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).