Stock Traders Buy High Volume of iShares U.S. Real Estate ETF Put Options (NYSEARCA:IYR)

iShares U.S. Real Estate ETF (NYSEARCA:IYR) was the recipient of some unusual options trading on Friday. Investors purchased 82,630 put options on the stock. This is an increase of 274% compared to the average daily volume of 22,091 put options.

iShares U.S. Real Estate ETF Stock Performance

Shares of IYR opened at $93.43 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of 26.05 and a beta of 0.98. iShares U.S. Real Estate ETF has a fifty-two week low of $81.25 and a fifty-two week high of $104.04. The business has a 50-day moving average of $97.60 and a 200 day moving average of $96.65.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in iShares U.S. Real Estate ETF by 4.0% during the 3rd quarter. D.A. Davidson & CO. now owns 2,857 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 111 shares during the period. Unionview LLC grew its position in shares of iShares U.S. Real Estate ETF by 1.0% during the 3rd quarter. Unionview LLC now owns 11,830 shares of the real estate investment trust’s stock valued at $1,205,000 after purchasing an additional 113 shares in the last quarter. Tower Wealth Partners Inc. increased its holdings in shares of iShares U.S. Real Estate ETF by 3.6% in the second quarter. Tower Wealth Partners Inc. now owns 3,894 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 135 shares during the period. Thrivent Financial for Lutherans raised its position in shares of iShares U.S. Real Estate ETF by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 8,594 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 144 shares in the last quarter. Finally, Gray Private Wealth LLC boosted its stake in iShares U.S. Real Estate ETF by 0.9% during the third quarter. Gray Private Wealth LLC now owns 17,612 shares of the real estate investment trust’s stock valued at $1,794,000 after buying an additional 154 shares during the period.

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).