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

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s share price hit a new 52-week high on Tuesday . The company traded as high as $101.26 and last traded at $100.3140, with a volume of 369346 shares traded. The stock had previously closed at $100.22.

iShares U.S. Real Estate ETF Stock Up 0.5%

The firm has a market capitalization of $4.27 billion, a P/E ratio of 35.41 and a beta of 1.01. The business’s 50 day moving average is $95.61 and its 200-day moving average is $95.87.

Institutional Trading of iShares U.S. Real Estate ETF

Large investors have recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in shares of iShares U.S. Real Estate ETF by 145.9% in the fourth quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Glassy Mountain Advisors Inc. acquired a new position in iShares U.S. Real Estate ETF during the 3rd quarter worth approximately $27,000. Modus Advisors LLC bought a new position in iShares U.S. Real Estate ETF in the 4th quarter valued at approximately $28,000. Fifth Third Bancorp bought a new position in iShares U.S. Real Estate ETF in the 4th quarter valued at approximately $38,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in iShares U.S. Real Estate ETF in the third quarter valued at approximately $39,000. 98.41% of the stock is owned by institutional investors and hedge funds.

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).