iShares U.S. Real Estate ETF (NYSEARCA:IYR) Hits New 12-Month High at $95.08

iShares U.S. Real Estate ETF (NYSEARCA:IYR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $95.08 and last traded at $94.95, with a volume of 1308640 shares traded. The stock had previously closed at $94.68.

iShares U.S. Real Estate ETF Stock Performance

The company’s fifty day moving average is $88.43 and its two-hundred day moving average is $87.50. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 26.05 and a beta of 0.98.

Institutional Investors Weigh In On iShares U.S. Real Estate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IYR. Cibc World Markets Corp grew its stake in shares of iShares U.S. Real Estate ETF by 132,707.9% during the 4th quarter. Cibc World Markets Corp now owns 4,648,278 shares of the real estate investment trust’s stock worth $424,899,000 after purchasing an additional 4,644,778 shares during the period. Schroder Investment Management Group grew its stake in iShares U.S. Real Estate ETF by 1,830.7% in the 4th quarter. Schroder Investment Management Group now owns 1,224,326 shares of the real estate investment trust’s stock valued at $111,916,000 after acquiring an additional 1,160,912 shares during the period. Capstone Investment Advisors LLC grew its stake in iShares U.S. Real Estate ETF by 312.6% in the 4th quarter. Capstone Investment Advisors LLC now owns 455,741 shares of the real estate investment trust’s stock valued at $41,659,000 after acquiring an additional 345,281 shares during the period. Connable Office Inc. acquired a new stake in iShares U.S. Real Estate ETF in the 4th quarter valued at $31,048,000. Finally, Corient Private Wealth LLC grew its stake in iShares U.S. Real Estate ETF by 82.0% in the 4th quarter. Corient Private Wealth LLC now owns 382,339 shares of the real estate investment trust’s stock valued at $34,950,000 after acquiring an additional 172,276 shares during the period.

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).