iShares U.S. Real Estate ETF (NYSEARCA:IYR) Share Price Cross Above 50 Day Moving Average – Time to Sell?

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $98.95 and traded as high as $99.65. iShares U.S. Real Estate ETF shares last traded at $99.47, with a volume of 5,304,214 shares.

iShares U.S. Real Estate ETF Stock Performance

The stock’s 50-day simple moving average is $98.85 and its 200 day simple moving average is $100.31. The company has a market capitalization of $4.03 billion, a PE ratio of 35.41 and a beta of 0.96.

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

Several large investors have recently bought and sold shares of IYR. Rehmann Capital Advisory Group increased its stake in iShares U.S. Real Estate ETF by 1.7% in the second quarter. Rehmann Capital Advisory Group now owns 10,206 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 169 shares during the last quarter. Tucker Asset Management LLC lifted its position in iShares U.S. Real Estate ETF by 8.1% during the second quarter. Tucker Asset Management LLC now owns 2,413 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 181 shares during the period. Lakeshore Capital Group Inc. lifted its position in iShares U.S. Real Estate ETF by 5.6% during the third quarter. Lakeshore Capital Group Inc. now owns 3,590 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 189 shares during the period. Sterling Investment Advisors LLC ADV boosted its stake in iShares U.S. Real Estate ETF by 2.3% in the 2nd quarter. Sterling Investment Advisors LLC ADV now owns 10,882 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 248 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in iShares U.S. Real Estate ETF in the 2nd quarter worth about $26,000. Hedge funds and other 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).