iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 12-Month High – Time to Buy?

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

iShares U.S. Real Estate ETF Stock Performance

The firm has a market cap of $4.22 billion, a P/E ratio of 35.41 and a beta of 0.99. The stock has a fifty day simple moving average of $99.37 and a 200 day simple moving average of $97.48.

Institutional Trading of iShares U.S. Real Estate ETF

A number of institutional investors and hedge funds have recently modified their holdings of IYR. Brighton Jones LLC increased its holdings in shares of iShares U.S. Real Estate ETF by 19.8% in the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 466 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of iShares U.S. Real Estate ETF by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 308 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of iShares U.S. Real Estate ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock worth $1,530,000 after buying an additional 1,200 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth $213,000. Finally, Bank of Nova Scotia purchased a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth $592,000. 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).