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

iShares U.S. Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $101.36 and last traded at $100.8520, with a volume of 632027 shares traded. The stock had previously closed at $100.54.

iShares U.S. Real Estate ETF Trading Down 0.1%

The firm’s fifty day moving average price is $96.08 and its 200-day moving average price is $96.01. The company has a market cap of $4.25 billion, a P/E ratio of 35.41 and a beta of 1.01.

Institutional Trading of iShares U.S. Real Estate ETF

A number of hedge funds have recently modified their holdings of the company. Axxcess Wealth Management LLC increased its position in shares of iShares U.S. Real Estate ETF by 31.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 30,509 shares of the real estate investment trust’s stock valued at $2,864,000 after purchasing an additional 7,316 shares during the period. Corient Private Wealth LLC boosted its stake in iShares U.S. Real Estate ETF by 21.0% during the fourth quarter. Corient Private Wealth LLC now owns 38,089 shares of the real estate investment trust’s stock worth $3,545,000 after buying an additional 6,610 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in iShares U.S. Real Estate ETF by 1.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 373,524 shares of the real estate investment trust’s stock worth $35,070,000 after buying an additional 5,557 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in iShares U.S. Real Estate ETF in the 4th quarter valued at $237,000. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at $1,371,000. 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).