iShares U.S. Real Estate ETF (NYSEARCA:IYR) Reaches New 1-Year High – Here’s Why

Shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) reached a new 52-week high during trading on Friday . The stock traded as high as $104.77 and last traded at $104.64, with a volume of 5296594 shares changing hands. The stock had previously closed at $103.10.

iShares U.S. Real Estate ETF Trading Up 1.5%

The company’s 50 day simple moving average is $101.98 and its 200 day simple moving average is $98.51. The stock has a market capitalization of $4.28 billion, a PE ratio of 35.41 and a beta of 0.97.

Institutional Trading of iShares U.S. Real Estate ETF

A number of hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in iShares U.S. Real Estate ETF by 19.8% in the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 466 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of iShares U.S. Real Estate ETF by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 308 shares during the period. Baird Financial Group Inc. boosted its position in shares of iShares U.S. Real Estate ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock worth $1,530,000 after buying an additional 1,200 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of iShares U.S. Real Estate ETF during the second quarter valued at $213,000. Finally, Bank of Nova Scotia acquired a new position in iShares U.S. Real Estate ETF during the second quarter valued at $592,000. 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).