iShares Cohen & Steers REIT ETF (BATS:ICF) Hits New 1-Year Low – Here’s What Happened

iShares Cohen & Steers REIT ETF (BATS:ICF) reached a new 52-week low on Monday . The stock traded as low as $63.28 and last traded at $63.99, with a volume of 158266 shares changing hands. The stock had previously closed at $63.53.

iShares Cohen & Steers REIT ETF Price Performance

The company has a market capitalization of $2.32 billion, a PE ratio of 30.19 and a beta of 0.94. The stock’s 50 day simple moving average is $65.03 and its 200-day simple moving average is $61.00.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in shares of iShares Cohen & Steers REIT ETF by 7.2% during the third quarter. Sunbelt Securities Inc. now owns 5,987 shares of the company’s stock worth $395,000 after acquiring an additional 400 shares during the period. National Bank of Canada FI acquired a new position in iShares Cohen & Steers REIT ETF during the 3rd quarter worth $13,278,000. Stifel Financial Corp increased its holdings in iShares Cohen & Steers REIT ETF by 25.1% during the 3rd quarter. Stifel Financial Corp now owns 15,404 shares of the company’s stock worth $1,015,000 after purchasing an additional 3,090 shares during the period. Pinnacle Family Advisors LLC acquired a new stake in iShares Cohen & Steers REIT ETF in the 3rd quarter valued at about $2,985,000. Finally, HighTower Advisors LLC boosted its stake in shares of iShares Cohen & Steers REIT ETF by 30.9% in the 3rd quarter. HighTower Advisors LLC now owns 184,043 shares of the company’s stock valued at $12,136,000 after buying an additional 43,435 shares during the period.

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).