iShares U.S. Real Estate ETF (NYSEARCA:IYR) Sets New 52-Week High – Time to Buy?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high on Friday . The company traded as high as $102.08 and last traded at $101.87, with a volume of 287597 shares trading hands. The stock had previously closed at $101.36.

iShares U.S. Real Estate ETF Trading Up 1.1%

The company has a market cap of $4.28 billion, a price-to-earnings ratio of 35.41 and a beta of 1.02. The firm has a 50-day moving average price of $98.18 and a 200 day moving average price of $96.39.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. grew its position in shares of iShares U.S. Real Estate ETF by 1,235.6% in the 3rd quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock worth $30,966,000 after acquiring an additional 295,095 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter worth approximately $536,000. Krilogy Financial LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter worth approximately $615,000. Apella Capital LLC grew its position in shares of iShares U.S. Real Estate ETF by 287.4% in the 4th quarter. Apella Capital LLC now owns 11,671 shares of the real estate investment trust’s stock worth $1,096,000 after acquiring an additional 8,658 shares in the last quarter. Finally, Tillman Hartley LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the 3rd quarter worth approximately $1,259,000. 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).