iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 1-Year High – What’s Next?

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

iShares U.S. Real Estate ETF Stock Performance

The stock has a market capitalization of $4.47 billion, a P/E ratio of 35.41 and a beta of 0.97. The business has a fifty day simple moving average of $102.63 and a 200-day simple moving average of $99.57.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IYR. Brighton Jones LLC increased its stake in iShares U.S. Real Estate ETF by 19.8% in the fourth quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 466 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of iShares U.S. Real Estate ETF by 68.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 308 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 8.0% during 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 purchasing an additional 1,200 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of iShares U.S. Real Estate ETF in the 2nd quarter valued at about $213,000. Finally, Bank of Nova Scotia acquired a new stake in shares of iShares U.S. Real Estate ETF in the 2nd quarter valued at about $592,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

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).