iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 1-Year High – Here’s Why

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s share price reached a new 52-week high on Wednesday . The company traded as high as $103.62 and last traded at $103.27, with a volume of 946830 shares trading hands. The stock had previously closed at $103.12.

iShares U.S. Real Estate ETF Stock Performance

The firm’s 50-day simple moving average is $99.54 and its 200 day simple moving average is $97.58. The stock has a market capitalization of $4.15 billion, a P/E ratio of 35.41 and a beta of 0.99.

Institutional Trading of iShares U.S. Real Estate ETF

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

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).