6,475,618 Shares in IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in shares of IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,475,618 shares of the company’s stock, valued at approximately $132,297,000. IQ CBRE NextGen Real Estate ETF makes up about 1.4% of New York Life Investment Management LLC’s holdings, making the stock its 12th largest holding. New York Life Investment Management LLC owned about 588.69% of IQ CBRE NextGen Real Estate ETF as of its most recent SEC filing.

IQ CBRE NextGen Real Estate ETF Price Performance

IQ CBRE NextGen Real Estate ETF stock traded up $0.03 during midday trading on Wednesday, reaching $18.46. The stock had a trading volume of 595 shares, compared to its average volume of 6,750. The firm’s fifty day simple moving average is $19.20 and its two-hundred day simple moving average is $19.09. IQ CBRE NextGen Real Estate ETF has a twelve month low of $16.55 and a twelve month high of $20.71. The firm has a market cap of $136.60 million, a price-to-earnings ratio of 24.08 and a beta of 0.96.

IQ CBRE NextGen Real Estate ETF Company Profile

The IQ U.S. Real Estate Small Cap ETF (ROOF) is an exchange-traded fund that is based on the IQ CBRE NextGen Real Estate index. The fund tracks a tier-weighted index of developed market companies classified under real estate sectors that are expected to benefit from trends affecting property sectors in the global economy.