iShares U.S. Real Estate ETF (NYSEARCA:IYR – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $101.41 and traded as high as $105.66. iShares U.S. Real Estate ETF shares last traded at $105.46, with a volume of 2,854,904 shares trading hands.
iShares U.S. Real Estate ETF Stock Performance
The company’s 50-day moving average price is $104.29 and its 200 day moving average price is $101.47. The stock has a market cap of $4.61 billion, a PE ratio of 35.41 and a beta of 0.96.
Institutional Trading of iShares U.S. Real Estate ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of iShares U.S. Real Estate ETF by 19.8% during the 4th quarter. Brighton Jones LLC now owns 2,815 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 466 shares during the period. Russell Investments Group Ltd. grew its holdings in iShares U.S. Real Estate ETF by 68.9% during the second quarter. Russell Investments Group Ltd. now owns 755 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 308 shares during the period. Baird Financial Group Inc. grew its holdings in iShares U.S. Real Estate ETF by 8.0% during the second quarter. Baird Financial Group Inc. now owns 16,142 shares of the real estate investment trust’s stock valued at $1,530,000 after purchasing an additional 1,200 shares during the period. Gamco Investors INC. ET AL purchased a new stake in iShares U.S. Real Estate ETF in the second quarter worth about $213,000. Finally, Bank of Nova Scotia purchased a new position in shares of iShares U.S. Real Estate ETF during the 2nd quarter valued at about $592,000. 98.41% of the stock is owned by hedge funds and other institutional investors.
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).
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