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

iShares U.S. Real Estate ETF (NYSEARCA:IYR) shares reached a new 52-week high on Tuesday . The company traded as high as $107.89 and last traded at $107.86, with a volume of 505940 shares. The stock had previously closed at $106.64.

iShares U.S. Real Estate ETF Stock Performance

The stock has a market capitalization of $4.77 billion, a P/E ratio of 35.41 and a beta of 0.97. The business has a 50 day simple moving average of $103.12 and a 200-day simple moving average of $100.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sterling Investment Advisors LLC ADV raised its position in iShares U.S. Real Estate ETF by 2.3% in the second quarter. Sterling Investment Advisors LLC ADV now owns 10,882 shares of the real estate investment trust’s stock worth $1,113,000 after acquiring an additional 248 shares in the last quarter. Financial Advisory Corp boosted its position in shares of iShares U.S. Real Estate ETF by 1.7% during the 2nd quarter. Financial Advisory Corp now owns 152,940 shares of the real estate investment trust’s stock valued at $15,638,000 after purchasing an additional 2,625 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth approximately $26,000. Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the 2nd quarter worth approximately $6,673,000. Finally, First Financial Corp IN grew its stake in shares of iShares U.S. Real Estate ETF by 1.2% in the 2nd quarter. First Financial Corp IN now owns 20,648 shares of the real estate investment trust’s stock worth $2,111,000 after purchasing an additional 252 shares during the last quarter. 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).