iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 1-Year High – Time to Buy?

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.26 and last traded at $100.3140, with a volume of 369346 shares trading hands. The stock had previously closed at $100.22.

iShares U.S. Real Estate ETF Stock Up 0.5%

The firm has a market capitalization of $4.27 billion, a P/E ratio of 35.41 and a beta of 1.01. The company’s 50 day moving average is $95.61 and its 200-day moving average is $95.87.

Institutional Investors Weigh In On iShares U.S. Real Estate ETF

A number of hedge funds have recently added to or reduced their stakes in IYR. Barclays PLC increased its holdings in shares of iShares U.S. Real Estate ETF by 1.8% during the fourth quarter. Barclays PLC now owns 6,260,125 shares of the real estate investment trust’s stock valued at $587,763,000 after acquiring an additional 108,864 shares in the last quarter. WealthNavi Inc. grew its position in iShares U.S. Real Estate ETF by 10.2% in the 4th quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock valued at $548,218,000 after purchasing an additional 540,270 shares during the period. Cibc World Markets Corp bought a new stake in iShares U.S. Real Estate ETF during the 4th quarter valued at $322,756,000. Citigroup Inc. raised its holdings in iShares U.S. Real Estate ETF by 149.4% during the second quarter. Citigroup Inc. now owns 1,807,775 shares of the real estate investment trust’s stock worth $171,323,000 after buying an additional 1,083,044 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its stake in shares of iShares U.S. Real Estate ETF by 9,674.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 1,554,040 shares of the real estate investment trust’s stock valued at $147,276,000 after buying an additional 1,538,141 shares in the last quarter. Institutional investors and hedge funds 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).