iShares U.S. Real Estate ETF (NYSEARCA:IYR) Sets New 1-Year High – Still a Buy?

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

iShares U.S. Real Estate ETF Stock Up 1.6%

The business has a fifty day moving average of $98.28 and a 200 day moving average of $96.43. The firm has a market cap of $4.29 billion, a P/E ratio of 35.41 and a beta of 1.02.

Hedge Funds Weigh In On iShares U.S. Real Estate ETF

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in iShares U.S. Real Estate ETF by 145.9% during the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 159 shares during the period. Glassy Mountain Advisors Inc. bought a new position in iShares U.S. Real Estate ETF during the 3rd quarter worth $27,000. Modus Advisors LLC bought a new position in iShares U.S. Real Estate ETF during the 4th quarter worth $28,000. Fifth Third Bancorp bought a new position in iShares U.S. Real Estate ETF during the 4th quarter worth $38,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in iShares U.S. Real Estate ETF during the 3rd quarter worth $39,000. Institutional investors 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).