iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 12-Month High – What’s Next?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $105.32 and last traded at $105.29, with a volume of 739708 shares traded. The stock had previously closed at $103.83.

iShares U.S. Real Estate ETF Price Performance

The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97. The business’s 50-day moving average price is $102.49 and its two-hundred day moving average price is $99.44.

Institutional Trading of iShares U.S. Real Estate ETF

Institutional investors have recently modified their holdings of the stock. Omega Financial Group LLC lifted its stake in iShares U.S. Real Estate ETF by 1,154.9% in the 4th quarter. Omega Financial Group LLC now owns 66,072 shares of the real estate investment trust’s stock valued at $6,204,000 after purchasing an additional 60,807 shares during the last quarter. Apella Capital LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 287.4% during the fourth quarter. Apella Capital LLC now owns 11,671 shares of the real estate investment trust’s stock worth $1,096,000 after buying an additional 8,658 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 31.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 36,932 shares of the real estate investment trust’s stock valued at $3,468,000 after acquiring an additional 8,906 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 5.5% in the 4th quarter. Magnus Financial Group LLC now owns 165,951 shares of the real estate investment trust’s stock valued at $15,581,000 after acquiring an additional 8,671 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of iShares U.S. Real Estate ETF by 31.5% during the 4th quarter. Comerica Bank now owns 25,519 shares of the real estate investment trust’s stock valued at $2,396,000 after acquiring an additional 6,119 shares in the last quarter. 98.41% of the stock is currently 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).