iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 12-Month High – Here’s What Happened

Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $104.77 and last traded at $104.64, with a volume of 5296594 shares. The stock had previously closed at $103.10.

iShares U.S. Real Estate ETF Trading Up 1.5%

The firm has a 50-day simple moving average of $101.98 and a two-hundred day simple moving average of $98.51. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.

Institutional Trading of iShares U.S. Real Estate ETF

A number of hedge funds have recently modified their holdings of IYR. Assetmark Inc. boosted its holdings in iShares U.S. Real Estate ETF by 145.9% during the fourth quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of iShares U.S. Real Estate ETF in the first quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 3,660.0% in the 1st 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. Finally, Fifth Third Bancorp acquired a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter worth approximately $38,000. 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).