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Week In Review: REITs Plunge, Third Quarter SEC Filings


Nov. 20 2020, Updated 12:22 p.m. ET

REITs took a plunge

For the week ending December 11, 2015, the iShares US Real Estate ETF (IYR), the iShares Mortgage Real Estate Capped (REM), and with the broad market index, the SPDR S&P 500 ETF (SPY), ended the week on a negative note. The IYR ETF along with REM and SPY witnessed negative returns for the week as the returns generated by the IYR, REM, and SPY were 2.6%, 4.8%, and 2.2%, respectively. The graph below represents last week’s price movement between IYR, REM, and SPY.

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Third quarter filings with the SEC

Most of the companies filed the 3Q15 13-F form with the Securities and Exchange Commission (or SEC). The financial planning company Lowe FS raised its stake in IYR by purchasing 34,091 shares with a total market value of $2.4 million. Currently, Lowe FS owns 0.2% of the total IYR ETF. Similarly, Perigon Wealth Management raised its stake in SPY by 5%. Perigon now owns about 0.01% of SPY with a total market value of $5 million.

Winners and Losers of the week

Though the week ended on a negative note, there were a few top performers. WP Glimcher (WPG) and Ventas (VTR) were the top performers for the week for IYR, generating positive returns of 3.3% and 2.2%, respectively.

The losers for the week from IYR were Alexander and Baldwin (ALEX) and Outfront Media (OUT), generating negative returns of 8.5% and 6.6%, respectively. However, the biggest loser was the REM ETF’s RAIT Financial Trust (RAS), as it ended the week with a negative return of 40%.


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