This article first appeared on GuruFocus.
iShares U.S. Real Estate ETF (IYR) recorded a net outflow of $92.0 million in Wednesday’s session, with ETF activity limited entirely to selling. The fund bought no stock and reduced all 58 of its positions, against $3.92 billion in assets.
What did IYR sell on Wednesday?
Its largest sells by dollar value were WELL ($9.5 million), PLD ($8.2 million) and AMT ($4.5 million).
The largest sale was Welltower (WELL), where 40,451 shares were cut for $9.5 million, followed by Prologis REIT (PLD) with 64,543 shares sold for $8.2 million. American Tower REIT (AMT) fell by 25,118 shares, or $4.5 million, while Simon Property Group REIT Inc (SPG) dropped 20,653 shares, or $4.2 million, and Equinix REIT (EQIX) shed 4,256 shares, also for $4.2 million. No new positions were opened and no holdings were fully exited.
How does IYR invest?
IYR is an Equity Sector Real Est US fund in the Real Estate asset class, holding 58 stocks with 52.9% of assets in its 10 largest holdings. Real Estate accounts for 99.5% of classified stocks and Communication Services 0.5%, while large caps make up 90.7% and mid caps 9.3%. It charges 0.37% and its top holdings are Welltower at 10.3%, Prologis REIT at 8.95%, American Tower REIT at 4.85%, Simon Property Group REIT Inc at 4.62% and Equinix REIT at 4.61%. The fund has a GF Score of 82, a P/E of 29.2, a P/B of 2.31, a dividend yield of 3.0% and a year-to-date return of 6.36%.
iShares U.S. Real Estate ETF (IYR) at a glance
See the full iShares U.S. Real Estate ETF profile, or compare it with similar funds in the ETF Screener. Its biggest sell this time, WELL, has its own GF Value page and stock summary.
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