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

iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $101.36 and last traded at $100.8520, with a volume of 632027 shares trading hands. The stock had previously closed at $100.54.

iShares U.S. Real Estate ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $96.33 and its two-hundred day simple moving average is $96.09. The firm has a market cap of $4.26 billion, a PE ratio of 35.41 and a beta of 1.01.

Institutional Trading of iShares U.S. Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. lifted its holdings 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 in the last quarter. Glassy Mountain Advisors Inc. bought a new position in shares of iShares U.S. Real Estate ETF during the third quarter valued at approximately $27,000. Modus Advisors LLC bought a new position in iShares U.S. Real Estate ETF in the fourth quarter worth approximately $28,000. Fifth Third Bancorp bought a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at $38,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter valued at $39,000. 98.41% of the stock is currently owned by 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).