iShares U.S. Real Estate ETF (NYSEARCA:IYR) Stock Cross Above Fifty Day Moving Average – Time to Sell?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $98.95 and traded as high as $99.65. iShares U.S. Real Estate ETF shares last traded at $99.47, with a volume of 5,304,214 shares changing hands.

iShares U.S. Real Estate ETF Trading Up 2.2%

The business has a 50 day moving average price of $98.95 and a 200-day moving average price of $100.29. The firm has a market capitalization of $4.02 billion, a PE ratio of 35.41 and a beta of 0.96.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IYR. Hsbc Holdings PLC purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $399,722,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of iShares U.S. Real Estate ETF during the 3rd quarter worth approximately $37,723,000. Walleye Capital LLC lifted its position in shares of iShares U.S. Real Estate ETF by 1,623.5% in the first quarter. Walleye Capital LLC now owns 180,000 shares of the real estate investment trust’s stock valued at $17,021,000 after acquiring an additional 169,556 shares in the last quarter. Bank of America Corp DE lifted its holdings in iShares U.S. Real Estate ETF by 12.7% in the 1st quarter. Bank of America Corp DE now owns 1,292,491 shares of the real estate investment trust’s stock valued at $122,218,000 after purchasing an additional 145,840 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the second quarter valued at approximately $6,673,000. 98.41% of the stock is owned by institutional investors and hedge funds.

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).