iShares Select U.S. REIT ETF (BATS:ICF) Sets New 12-Month High – Time to Buy?

iShares Select U.S. REIT ETF (BATS:ICF)’s stock price reached a new 52-week high on Thursday . The company traded as high as $65.75 and last traded at $65.54, with a volume of 35363 shares trading hands. The stock had previously closed at $64.06.

iShares Select U.S. REIT ETF Price Performance

The firm’s 50 day moving average is $60.76 and its 200 day moving average is $60.90. The company has a market capitalization of $2.07 billion, a PE ratio of 35.35 and a beta of 0.97.

Hedge Funds Weigh In On iShares Select U.S. REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of ICF. Quest 10 Wealth Builders Inc. bought a new stake in shares of iShares Select U.S. REIT ETF in the third quarter worth about $26,000. Clayton Financial Group LLC lifted its holdings in iShares Select U.S. REIT ETF by 411.5% in the 4th quarter. Clayton Financial Group LLC now owns 491 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the period. Howe & Rusling Inc. lifted its holdings in iShares Select U.S. REIT ETF by 98.0% in the 2nd quarter. Howe & Rusling Inc. now owns 594 shares of the company’s stock worth $36,000 after buying an additional 294 shares during the period. AlphaCore Capital LLC bought a new stake in shares of iShares Select U.S. REIT ETF in the 4th quarter worth approximately $37,000. Finally, Assetmark Inc. grew its position in shares of iShares Select U.S. REIT ETF by 85.5% in the 3rd quarter. Assetmark Inc. now owns 705 shares of the company’s stock worth $43,000 after buying an additional 325 shares during the last quarter.

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). The objective of the Index is to represent relatively large and liquid REITs that may benefit from consolidation and securitization of the United States real estate industry.