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

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $107.89 and last traded at $107.86, with a volume of 505940 shares traded. The stock had previously closed at $106.64.

iShares U.S. Real Estate ETF Stock Performance

The firm has a market capitalization of $4.77 billion, a P/E ratio of 35.41 and a beta of 0.97. The stock has a fifty day moving average price of $103.12 and a two-hundred day moving average price of $100.09.

Institutional Investors Weigh In On iShares U.S. Real Estate ETF

Several institutional investors have recently bought and sold shares of IYR. Assetmark Inc. increased its stake in iShares U.S. Real Estate ETF by 145.9% during the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 159 shares during the period. Western Wealth Management LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the 1st quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 3,660.0% in the first quarter. Sunbelt Securities Inc. now owns 376 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds 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).