Principal Financial Group Inc. Invests $4.18 Million in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

Principal Financial Group Inc. acquired a new stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,875 shares of the real estate investment trust’s stock, valued at approximately $4,176,000. Principal Financial Group Inc. owned approximately 0.13% of iShares U.S. Real Estate ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in iShares U.S. Real Estate ETF during the 4th quarter worth about $28,000. Wolverine Asset Management LLC purchased a new position in shares of iShares U.S. Real Estate ETF in the third quarter worth about $30,000. Avior Wealth Management LLC lifted its holdings in shares of iShares U.S. Real Estate ETF by 146.0% during the fourth quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 238 shares during the period. Transcendent Capital Group LLC boosted its position in iShares U.S. Real Estate ETF by 159.4% in the third quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 247 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in iShares U.S. Real Estate ETF in the 3rd quarter worth approximately $69,000.

iShares U.S. Real Estate ETF Trading Up 0.5 %

IYR opened at $98.90 on Tuesday. iShares U.S. Real Estate ETF has a 12-month low of $81.25 and a 12-month high of $104.04. The firm has a 50 day moving average of $94.59 and a two-hundred day moving average of $97.78. The firm has a market capitalization of $4.08 billion, a PE ratio of 34.21 and a beta of 1.07.

iShares U.S. Real Estate ETF Profile

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).