iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 52-Week High – Still a Buy?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) shares hit a new 52-week high on Monday . The stock traded as high as $101.80 and last traded at $101.3830, with a volume of 6833911 shares trading hands. The stock had previously closed at $101.28.

iShares U.S. Real Estate ETF Price Performance

The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 35.41 and a beta of 1.01. The business’s 50-day moving average price is $96.78 and its two-hundred day moving average price is $96.22.

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

A number of institutional investors and hedge funds have recently bought and sold shares of IYR. Cibc World Market Inc. grew its stake in iShares U.S. Real Estate ETF by 1,235.6% during the third quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock valued at $30,966,000 after acquiring an additional 295,095 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of iShares U.S. Real Estate ETF by 2,773.6% during the second quarter. AE Wealth Management LLC now owns 34,770 shares of the real estate investment trust’s stock valued at $3,295,000 after acquiring an additional 33,560 shares in the last quarter. Americana Partners LLC bought a new position in iShares U.S. Real Estate ETF in the second quarter worth about $2,075,000. Principal Financial Group Inc. purchased a new stake in shares of iShares U.S. Real Estate ETF in the 3rd quarter worth about $536,000. Finally, Allworth Financial LP grew its position in iShares U.S. Real Estate ETF by 9.6% during the 2nd quarter. Allworth Financial LP now owns 8,436 shares of the real estate investment trust’s stock valued at $799,000 after purchasing an additional 740 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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).