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

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $103.34 and last traded at $103.24, with a volume of 1115445 shares. The stock had previously closed at $101.94.

iShares U.S. Real Estate ETF Stock Up 1.3%

The company has a 50 day moving average price of $98.67 and a 200-day moving average price of $96.86. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 35.41 and a beta of 0.99.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

A number of hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in iShares U.S. Real Estate ETF during the 4th quarter worth $399,722,000. Cibc World Markets Corp bought a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $322,756,000. Price T Rowe Associates Inc. MD bought a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $276,312,000. WealthNavi Inc. increased its stake in shares of iShares U.S. Real Estate ETF by 10.2% in the fourth quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock valued at $548,218,000 after buying an additional 540,270 shares during the period. Finally, Jain Global LLC raised its position in shares of iShares U.S. Real Estate ETF by 151.5% during the third quarter. Jain Global LLC now owns 128,767 shares of the real estate investment trust’s stock worth $12,501,000 after acquiring an additional 378,767 shares during the last quarter. Institutional investors and hedge funds 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).