iShares US Real Estate ETF (IYR) Reaches New 1-Year High at $88.56

iShares US Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high on Friday . The stock traded as high as $88.56 and last traded at $88.50, with a volume of 49913 shares traded. The stock had previously closed at $87.84.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its holdings in iShares US Real Estate ETF by 360.4% in the first quarter. Morgan Stanley now owns 6,122,417 shares of the real estate investment trust’s stock valued at $532,896,000 after purchasing an additional 4,792,722 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in iShares US Real Estate ETF by 13.4% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 1,756,800 shares of the real estate investment trust’s stock worth $131,655,000 after purchasing an additional 207,000 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in iShares US Real Estate ETF in the 1st quarter worth approximately $105,415,000. Deutsche Bank AG bought a new position in iShares US Real Estate ETF in the 4th quarter worth approximately $66,732,000. Finally, WealthNavi Inc. bought a new stake in shares of iShares US Real Estate ETF during the first quarter valued at approximately $64,064,000.

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iShares US Real Estate ETF Company Profile (NYSEARCA:IYR)

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).

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