iShares Cohen & Steers REIT ETF (BATS:ICF) Hits New 52-Week Low – Time to Sell?

iShares Cohen & Steers REIT ETF (BATS:ICF) shares hit a new 52-week low during trading on Monday . The stock traded as low as $59.13 and last traded at $61.43, with a volume of 228264 shares. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The company has a 50-day simple moving average of $61.06 and a two-hundred day simple moving average of $63.12. The firm has a market capitalization of $2.25 billion, a P/E ratio of 30.19 and a beta of 0.94.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMG National Trust Bank grew its position in shares of iShares Cohen & Steers REIT ETF by 0.8% in the 3rd quarter. AMG National Trust Bank now owns 318,719 shares of the company’s stock worth $21,007,000 after buying an additional 2,594 shares during the period. IFG Advisors LLC boosted its stake in iShares Cohen & Steers REIT ETF by 5.8% during the third quarter. IFG Advisors LLC now owns 224,724 shares of the company’s stock worth $14,812,000 after acquiring an additional 12,385 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in iShares Cohen & Steers REIT ETF in the third quarter worth about $108,000. Bank of Stockton grew its holdings in iShares Cohen & Steers REIT ETF by 1.4% in the third quarter. Bank of Stockton now owns 37,572 shares of the company’s stock worth $2,476,000 after purchasing an additional 530 shares during the period. Finally, Elios Financial Group Inc. bought a new position in shares of iShares Cohen & Steers REIT ETF during the third quarter valued at approximately $2,222,000.

About iShares Cohen & Steers REIT ETF

iShares Cohen & Steers REIT ETF (the Fund), formerly iShares Cohen & Steers Realty Majors Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Cohen & Steers Realty Majors Index (the Index). The Index consists of selected real estate investment trusts (REITs).