SCS Capital Management LLC Acquires New Stake in iShares Select U.S. REIT ETF $ICF

SCS Capital Management LLC bought a new position in shares of iShares Select U.S. REIT ETF (BATS:ICF) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 12,952 shares of the company’s stock, valued at approximately $797,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of iShares Select U.S. REIT ETF by 8,213.7% during the first quarter. Jones Financial Companies Lllp now owns 56,284 shares of the company’s stock worth $3,463,000 after buying an additional 55,607 shares during the period. Alexis Investment Partners LLC lifted its stake in iShares Select U.S. REIT ETF by 5.3% in the 1st quarter. Alexis Investment Partners LLC now owns 105,278 shares of the company’s stock valued at $6,409,000 after acquiring an additional 5,310 shares in the last quarter. Royal Bank of Canada boosted its position in iShares Select U.S. REIT ETF by 17.5% during the 1st quarter. Royal Bank of Canada now owns 465,141 shares of the company’s stock worth $28,620,000 after acquiring an additional 69,295 shares during the last quarter. Connecticut Wealth Management LLC grew its stake in shares of iShares Select U.S. REIT ETF by 6.8% during the 1st quarter. Connecticut Wealth Management LLC now owns 480,915 shares of the company’s stock worth $29,591,000 after acquiring an additional 30,542 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of iShares Select U.S. REIT ETF by 8.1% during the 1st quarter. Comerica Bank now owns 45,023 shares of the company’s stock worth $2,770,000 after acquiring an additional 3,386 shares in the last quarter.

iShares Select U.S. REIT ETF Stock Up 3.3%

Shares of ICF stock opened at $61.10 on Thursday. iShares Select U.S. REIT ETF has a 12 month low of $52.76 and a 12 month high of $67.57. The company’s fifty day simple moving average is $61.10 and its 200-day simple moving average is $60.91. The firm has a market cap of $1.93 billion, a PE ratio of 35.35 and a beta of 0.97.

iShares Select U.S. REIT ETF Company Profile

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).