iShares US Real Estate ETF (NYSEARCA:IYR) Sets New 1-Year Low at $86.58
iShares US Real Estate ETF (NYSEARCA:IYR – Get Rating) reached a new 52-week low during trading on Thursday . The company traded as low as $86.58 and last traded at $86.98, with a volume of 1210246 shares. The stock had previously closed at $89.19.
The stock has a 50 day moving average price of $99.90 and a 200 day moving average price of $104.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in iShares US Real Estate ETF by 73.9% in the 2nd quarter. Morgan Stanley now owns 8,793,786 shares of the real estate investment trust’s stock valued at $896,438,000 after acquiring an additional 3,735,588 shares during the period. Bank of America Corp DE raised its stake in iShares US Real Estate ETF by 46.4% in the 1st quarter. Bank of America Corp DE now owns 2,893,324 shares of the real estate investment trust’s stock valued at $313,116,000 after acquiring an additional 917,207 shares during the period. Canada Pension Plan Investment Board bought a new stake in iShares US Real Estate ETF in the 1st quarter valued at about $54,110,000. LPL Financial LLC raised its stake in iShares US Real Estate ETF by 134.2% in the 4th quarter. LPL Financial LLC now owns 815,624 shares of the real estate investment trust’s stock valued at $94,727,000 after acquiring an additional 467,344 shares during the period. Finally, Allworth Financial LP raised its stake in iShares US Real Estate ETF by 174,298.0% in the 1st quarter. Allworth Financial LP now owns 355,772 shares of the real estate investment trust’s stock valued at $38,501,000 after acquiring an additional 355,568 shares during the period.
iShares US Real Estate ETF Company Profile (NYSEARCA:IYR)
iShares US Real Estate ETF, formerly iShares Dow Jones US 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 US 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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