iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 52-Week High – Here’s What Happened

Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $103.34 and last traded at $103.24, with a volume of 1115445 shares changing hands. The stock had previously closed at $101.94.

iShares U.S. Real Estate ETF Trading Up 1.3%

The business’s 50-day simple moving average is $98.67 and its two-hundred day simple moving average is $96.86. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 35.41 and a beta of 0.99.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in iShares U.S. Real Estate ETF by 19.8% during the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 466 shares during the period. Russell Investments Group Ltd. raised its position in shares of iShares U.S. Real Estate ETF by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 308 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of iShares U.S. Real Estate ETF by 8.0% in the 2nd 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 acquired a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter valued at about $213,000. Finally, Bank of Nova Scotia bought a new stake in shares of iShares U.S. Real Estate ETF during the 2nd quarter valued at about $592,000. 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).