iShares Select U.S. REIT ETF (BATS:ICF) Sets New 52-Week High – Time to Buy?

Shares of iShares Select U.S. REIT ETF (BATS:ICF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.34 and last traded at $68.97, with a volume of 219827 shares traded. The stock had previously closed at $68.85.

iShares Select U.S. REIT ETF Trading Up 0.2%

The firm has a market capitalization of $2.18 billion, a PE ratio of 35.35 and a beta of 0.97. The business has a 50 day moving average price of $66.70 and a 200-day moving average price of $63.60.

Institutional Investors Weigh In On iShares Select U.S. REIT ETF

A number of institutional investors and hedge funds have recently modified their holdings of ICF. Peapack Gladstone Financial Corp grew its holdings in shares of iShares Select U.S. REIT ETF by 50.3% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 24,733 shares of the company’s stock worth $1,512,000 after acquiring an additional 8,281 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares Select U.S. REIT ETF by 11.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 101,871 shares of the company’s stock worth $6,231,000 after acquiring an additional 10,787 shares during the period. IHT Wealth Management LLC grew its holdings in shares of iShares Select U.S. REIT ETF by 0.8% in the 2nd quarter. IHT Wealth Management LLC now owns 25,168 shares of the company’s stock worth $1,539,000 after acquiring an additional 205 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of iShares Select U.S. REIT ETF in the 2nd quarter worth approximately $4,301,000. Finally, MML Investors Services LLC grew its holdings in shares of iShares Select U.S. REIT ETF by 40.6% in the 2nd quarter. MML Investors Services LLC now owns 32,334 shares of the company’s stock worth $1,978,000 after acquiring an additional 9,340 shares during the period.

About iShares Select U.S. 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). 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.