iShares U.S. Real Estate ETF (NYSEARCA:IYR) Share Price Pass Above 200-Day Moving Average – Should You Sell?

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $96.39 and traded as high as $101.47. iShares U.S. Real Estate ETF shares last traded at $101.36, with a volume of 4,417,579 shares traded.

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

The firm has a market cap of $4.29 billion, a PE ratio of 35.41 and a beta of 1.02. The business has a 50-day moving average price of $98.28 and a two-hundred day moving average price of $96.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IYR. Brighton Jones LLC boosted its holdings in iShares U.S. Real Estate ETF by 19.8% in the fourth quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 466 shares during the period. Russell Investments Group Ltd. boosted its holdings in iShares U.S. Real Estate ETF by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 308 shares during the period. Baird Financial Group Inc. boosted its holdings in iShares U.S. Real Estate ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock valued at $1,530,000 after purchasing an additional 1,200 shares during the period. Gamco Investors INC. ET AL purchased a new position in iShares U.S. Real Estate ETF in the second quarter valued at $213,000. Finally, Bank of Nova Scotia purchased a new position in iShares U.S. Real Estate ETF in the second quarter valued at $592,000. 98.41% of the stock is currently owned by hedge funds and other 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).