New York Life Investment Management LLC Acquires New Position in IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF)

New York Life Investment Management LLC acquired a new stake in shares of IQ CBRE NextGen Real Estate ETF (NYSEARCA:ROOF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,475,618 shares of the company’s stock, valued at approximately $132,297,000. IQ CBRE NextGen Real Estate ETF accounts for approximately 1.4% of New York Life Investment Management LLC’s portfolio, making the stock its 12th biggest position. New York Life Investment Management LLC owned approximately 5.89% of IQ CBRE NextGen Real Estate ETF at the end of the most recent reporting period.

IQ CBRE NextGen Real Estate ETF Price Performance

Shares of NYSEARCA:ROOF traded up $0.03 during mid-day trading on Wednesday, reaching $18.46. 595 shares of the company traded hands, compared to its average volume of 6,750. The company’s 50 day moving average price is $19.20 and its 200-day moving average price is $19.09. The firm has a market cap of $136.60 million, a PE ratio of 24.08 and a beta of 0.96. IQ CBRE NextGen Real Estate ETF has a 52 week low of $16.55 and a 52 week high of $20.71.

IQ CBRE NextGen Real Estate ETF Company Profile

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.