iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 52-Week High – What’s Next?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $104.99 and last traded at $104.99, with a volume of 1051047 shares trading hands. The stock had previously closed at $103.23.

iShares U.S. Real Estate ETF Stock Performance

The firm’s 50-day moving average price is $102.25 and its 200 day moving average price is $98.96. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IYR. Barclays PLC grew its holdings in iShares U.S. Real Estate ETF by 1.8% during the 4th quarter. Barclays PLC now owns 6,260,125 shares of the real estate investment trust’s stock worth $587,763,000 after acquiring an additional 108,864 shares during the period. WealthNavi Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 2.9% in the 1st quarter. WealthNavi Inc. now owns 6,010,249 shares of the real estate investment trust’s stock valued at $568,329,000 after purchasing an additional 171,312 shares during the period. Hsbc Holdings PLC bought a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter worth $399,722,000. Cibc World Markets Corp acquired a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth $322,756,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth $276,312,000. 98.41% of the stock is owned by institutional investors.

iShares U.S. Real Estate ETF Company 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).