iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 1-Year High – Here’s Why

Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $103.77 and last traded at $103.71, with a volume of 4841290 shares traded. The stock had previously closed at $101.08.

iShares U.S. Real Estate ETF Price Performance

The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97. The firm’s fifty day moving average is $100.87 and its 200 day moving average is $98.00.

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

Several institutional investors have recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of iShares U.S. Real Estate ETF by 145.9% in the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Western Wealth Management LLC acquired a new stake in iShares U.S. Real Estate ETF in the 1st quarter valued at $25,000. Glassy Mountain Advisors Inc. acquired a new stake in iShares U.S. Real Estate ETF in the 3rd quarter valued at $27,000. Modus Advisors LLC acquired a new position in iShares U.S. Real Estate ETF in the fourth quarter worth $28,000. Finally, Sunbelt Securities Inc. boosted its stake in iShares U.S. Real Estate ETF by 3,660.0% in the first quarter. Sunbelt Securities Inc. now owns 376 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 366 shares in the last quarter. 98.41% of the stock is currently 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).