NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) Stock Price Down 0.2% – Time to Sell?

NYLI CBRE NextGen Real Estate ETF (NYSEARCA:ROOF)’s share price dropped 0.2% during trading on Monday . The stock traded as low as $20.67 and last traded at $20.75. Approximately 14,300 shares changed hands during trading, a decline of 53% from the average daily volume of 30,662 shares. The stock had previously closed at $20.80.

NYLI CBRE NextGen Real Estate ETF Stock Down 0.2 %

The company has a market capitalization of $153.55 million, a price-to-earnings ratio of 25.25 and a beta of 0.95. The firm has a 50 day moving average price of $20.95 and a two-hundred day moving average price of $20.81.

Institutional Trading of NYLI CBRE NextGen Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Family Wealth Partners LLC purchased a new position in NYLI CBRE NextGen Real Estate ETF in the third quarter valued at about $239,000. Jane Street Group LLC boosted its holdings in NYLI CBRE NextGen Real Estate ETF by 30.8% during the third quarter. Jane Street Group LLC now owns 15,252 shares of the company’s stock valued at $338,000 after purchasing an additional 3,595 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of NYLI CBRE NextGen Real Estate ETF by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 6,621,762 shares of the company’s stock valued at $126,345,000 after purchasing an additional 26,789 shares in the last quarter.

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.