Matthew Goff Investment Advisor LLC Cuts Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Matthew Goff Investment Advisor LLC lessened its holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR – Get Rating) by 0.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 59,410 shares of the real estate investment trust’s stock after selling 168 shares during the quarter. iShares U.S. Real Estate ETF comprises approximately 1.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 24th biggest position. Matthew Goff Investment Advisor LLC’s holdings in iShares U.S. Real Estate ETF were worth $5,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYR. Twin Tree Management LP purchased a new position in iShares U.S. Real Estate ETF in the third quarter valued at approximately $27,893,000. UBS Asset Management Americas Inc. purchased a new position in iShares U.S. Real Estate ETF in the third quarter valued at approximately $26,878,000. Capstone Investment Advisors LLC purchased a new position in iShares U.S. Real Estate ETF in the third quarter valued at approximately $22,405,000. Bank of Montreal Can lifted its stake in iShares U.S. Real Estate ETF by 145.4% in the second quarter. Bank of Montreal Can now owns 408,248 shares of the real estate investment trust’s stock valued at $38,449,000 after purchasing an additional 241,920 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares U.S. Real Estate ETF by 77.8% in the second quarter. JPMorgan Chase & Co. now owns 533,278 shares of the real estate investment trust’s stock valued at $49,050,000 after purchasing an additional 233,391 shares during the last quarter.

iShares U.S. Real Estate ETF Stock Down 2.2 %

iShares U.S. Real Estate ETF stock traded down $1.88 during trading on Friday, hitting $82.06. The stock had a trading volume of 11,823,526 shares, compared to its average volume of 6,860,970. iShares U.S. Real Estate ETF has a 1 year low of $75.66 and a 1 year high of $113.13. The stock’s 50 day moving average is $88.96 and its two-hundred day moving average is $86.81. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 28.43 and a beta of 0.87.

iShares U.S. Real Estate ETF Company Profile

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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).