iShares Select U.S. REIT ETF (BATS:ICF) Reaches New 52-Week High – What’s Next?

iShares Select U.S. REIT ETF (BATS:ICF)’s share price reached a new 52-week high on Wednesday . The company traded as high as $68.15 and last traded at $68.03, with a volume of 5133 shares traded. The stock had previously closed at $67.48.

iShares Select U.S. REIT ETF Price Performance

The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97. The firm has a 50 day moving average price of $64.78 and a 200-day moving average price of $62.48.

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

Hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC increased its stake in shares of iShares Select U.S. REIT ETF by 3.0% during the third quarter. TD Private Client Wealth LLC now owns 5,557 shares of the company’s stock worth $342,000 after buying an additional 164 shares during the period. Fifth Third Securities Inc. lifted its stake in iShares Select U.S. REIT ETF by 2.2% in the fourth quarter. Fifth Third Securities Inc. now owns 7,907 shares of the company’s stock worth $472,000 after acquiring an additional 168 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in iShares Select U.S. REIT ETF by 1.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 9,597 shares of the company’s stock worth $591,000 after acquiring an additional 171 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in iShares Select U.S. REIT ETF by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,448 shares of the company’s stock worth $325,000 after acquiring an additional 176 shares in the last quarter. Finally, GWN Securities Inc. increased its position in shares of iShares Select U.S. REIT ETF by 4.1% in the 3rd quarter. GWN Securities Inc. now owns 5,120 shares of the company’s stock valued at $316,000 after purchasing an additional 201 shares during the last quarter.

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.