NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Shares Down 0.2% – Time to Sell?

NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF)’s share price was down 0.2% during mid-day trading on Monday . The company traded as low as $20.67 and last traded at $20.75. Approximately 14,300 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 30,662 shares. The stock had previously closed at $20.80.

NYLI CBRE NextGen Real Estate ETF Stock Performance

The stock’s 50-day moving average price is $21.27 and its 200-day moving average price is $20.62. The company has a market capitalization of $153.55 million, a price-to-earnings ratio of 25.25 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Family Wealth Partners LLC acquired a new stake in NYLI CBRE NextGen Real Estate ETF in the 3rd quarter valued at about $239,000. Jane Street Group LLC lifted its holdings in shares of NYLI CBRE NextGen Real Estate ETF by 30.8% in the third quarter. Jane Street Group LLC now owns 15,252 shares of the company’s stock valued at $338,000 after purchasing an additional 3,595 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of NYLI CBRE NextGen Real Estate ETF by 0.4% in the second quarter. New York Life Investment Management LLC now owns 6,621,762 shares of the company’s stock valued at $126,345,000 after purchasing an additional 26,789 shares during the last quarter.

NYLI CBRE NextGen Real Estate ETF Company Profile

The IQ U.S. Real Estate Small Cap ETF (ROOF) is an exchange-traded fund that is based on the IQ CBRE NextGen Real Estate index. The fund tracks a tier-weighted index of developed market companies classified under real estate sectors that are expected to benefit from trends affecting property sectors in the global economy.