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

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $104.99 and last traded at $104.99, with a volume of 1051047 shares. The stock had previously closed at $103.23.

iShares U.S. Real Estate ETF Stock Down 1.6%

The company’s fifty day moving average price is $102.35 and its two-hundred day moving average price is $99.10. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.

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

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

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).