Revisiting The Real Estate ETF’s Stealth Action
2022.04.21 09:06
I’ve read some grumbling and hand-wringing with respect to the real estate fund—iShares U.S. Real Estate ETF (NYSE:IYR)—whose analog I’ve mentioned a number of times.
It’s certainly been stubborn about weakening, but I wanted to provide this perspective on what the fund has been doing.
My perception is that the strength has been carrying it to major resistance (represented by the blue arrows), having followed a major price peak (red arrows).
BlackRock Institutional Trust Chart
The key difference being that the plunge following the red arrow was tremendous in the first instance and quite modest in the second. This longer-term view of IYR illustrates, however, just how lofty the security remains.
It’s a very slow mover, but I believe it will eventually succumb.
BlackRock Institutional Trust Chart
