IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Shares Up 0.7%

IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) shares traded up 0.7% during mid-day trading on Monday . The company traded as high as $21.56 and last traded at $21.56. 8,600 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 10,501 shares. The stock had previously closed at $21.40.

IQ CBRE NextGen Real Estate ETF Stock Down 0.4 %

The company’s 50-day moving average is $20.39 and its 200-day moving average is $19.57. The stock has a market capitalization of $158.88 million, a price-to-earnings ratio of 25.25 and a beta of 0.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IQ CBRE NextGen Real Estate ETF stock. Corient Private Wealth LLC lifted its holdings in shares of IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,993 shares of the company’s stock after purchasing an additional 1,001 shares during the quarter. Corient Private Wealth LLC owned about 2.45% of IQ CBRE NextGen Real Estate ETF worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

About IQ CBRE NextGen Real Estate ETF

The IQ U.S. Real Estate Small Cap ETF (ROOF) is an exchange-traded fund that is based on the IQ CBRE NextGen Real Estate index. The fund tracks a tier-weighted index of developed market companies classified under real estate sectors that are expected to benefit from trends affecting property sectors in the global economy.