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

iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high 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 company has a 50-day moving average price of $100.45 and a two-hundred day moving average price of $97.87. The company has a market cap of $4.24 billion, a PE ratio of 35.41 and a beta of 0.97.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF in the first quarter worth about $25,000. Assetmark Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 145.9% in the fourth quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 159 shares in the last quarter. Glassy Mountain Advisors Inc. acquired a new position in shares of iShares U.S. Real Estate ETF in the third quarter worth about $27,000. Modus Advisors LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the fourth quarter worth about $28,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of 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 acquiring an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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).