iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 52-Week High – Here’s Why

iShares U.S. Real Estate ETF (NYSEARCA:IYR) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $103.34 and last traded at $103.24, with a volume of 1115445 shares traded. The stock had previously closed at $101.94.

iShares U.S. Real Estate ETF Price Performance

The firm has a market capitalization of $4.20 billion, a PE ratio of 35.41 and a beta of 0.99. The business’s 50-day moving average price is $98.76 and its 200-day moving average price is $96.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IYR. Hsbc Holdings PLC acquired a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth about $399,722,000. Cibc World Markets Corp acquired a new position in iShares U.S. Real Estate ETF in the 4th quarter valued at about $322,756,000. Price T Rowe Associates Inc. MD purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at approximately $276,312,000. WealthNavi Inc. lifted its position in iShares U.S. Real Estate ETF by 10.2% during the 4th quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock worth $548,218,000 after acquiring an additional 540,270 shares during the period. Finally, Jain Global LLC lifted its position in iShares U.S. Real Estate ETF by 151.5% during the 3rd quarter. Jain Global LLC now owns 128,767 shares of the real estate investment trust’s stock worth $12,501,000 after acquiring an additional 378,767 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

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).