NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Shares Up 0.9% – Should You Buy?

Shares of NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) shot up 0.9% during mid-day trading on Monday . The stock traded as high as $20.98 and last traded at $20.98. 1,069 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 32,244 shares. The stock had previously closed at $20.80.

NYLI CBRE NextGen Real Estate ETF Stock Up 0.9 %

The company has a fifty day moving average price of $21.76 and a 200-day moving average price of $20.34. The stock has a market capitalization of $155.23 million, a P/E ratio of 25.25 and a beta of 0.95.

Institutional Investors Weigh In On NYLI CBRE NextGen Real Estate ETF

A hedge fund recently raised its stake in NYLI CBRE NextGen Real Estate ETF stock. New York Life Investment Management LLC boosted its stake in shares of NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,621,762 shares of the company’s stock after acquiring an additional 26,789 shares during the quarter. NYLI CBRE NextGen Real Estate ETF comprises about 1.3% of New York Life Investment Management LLC’s investment portfolio, making the stock its 14th biggest position. New York Life Investment Management LLC owned 89.48% of NYLI CBRE NextGen Real Estate ETF worth $126,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About NYLI 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.