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) were up 0.9% during trading on Monday . The company traded as high as $20.98 and last traded at $20.98. Approximately 1,069 shares traded hands during trading, a decline of 97% from the average daily volume of 32,244 shares. The stock had previously closed at $20.80.

NYLI CBRE NextGen Real Estate ETF Price Performance

The business’s 50 day moving average is $21.76 and its 200 day moving average is $20.34. The stock has a market cap of $155.23 million, a price-to-earnings ratio of 25.25 and a beta of 0.95.

Hedge Funds Weigh In On NYLI CBRE NextGen Real Estate ETF

A hedge fund recently bought a new stake in NYLI CBRE NextGen Real Estate ETF stock. Family Wealth Partners LLC acquired a new stake in NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,779 shares of the company’s stock, valued at approximately $239,000. Family Wealth Partners LLC owned approximately 0.15% of NYLI CBRE NextGen Real Estate ETF at the end of the most recent reporting period.

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.