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

Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $103.77 and last traded at $103.71, with a volume of 4841290 shares changing hands. The stock had previously closed at $101.08.

iShares U.S. Real Estate ETF Price Performance

The stock has a 50-day simple moving average of $100.45 and a 200-day simple moving average of $97.87. The stock 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 have recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. boosted its position in shares of iShares U.S. Real Estate ETF by 2.1% in the fourth quarter. Graybill Wealth Management LTD. now owns 5,220 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 108 shares during the period. Moors & Cabot Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 1.3% in the third quarter. Moors & Cabot Inc. now owns 8,398 shares of the real estate investment trust’s stock worth $815,000 after buying an additional 108 shares during the period. Russell Investments Group Ltd. boosted its position in shares of iShares U.S. Real Estate ETF by 15.2% in the third quarter. Russell Investments Group Ltd. now owns 870 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 115 shares during the period. Centaurus Financial Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 1.1% in the third quarter. Centaurus Financial Inc. now owns 11,062 shares of the real estate investment trust’s stock worth $1,074,000 after buying an additional 116 shares during the period. Finally, Allie Family Office LLC boosted its position in shares of iShares U.S. Real Estate ETF by 0.3% in the fourth quarter. Allie Family Office LLC now owns 50,499 shares of the real estate investment trust’s stock worth $4,738,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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).