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

iShares Select U.S. REIT ETF (BATS:ICFGet Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $70.53 and last traded at $70.53, with a volume of 16134 shares. The stock had previously closed at $68.95.

iShares Select U.S. REIT ETF Stock Up 2.3%

The firm has a fifty day moving average price of $68.21 and a 200 day moving average price of $65.40. The company has a market cap of $2.23 billion, a P/E ratio of 35.35 and a beta of 0.97.

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

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in shares of iShares Select U.S. REIT ETF by 1,685.6% during the fourth quarter. Farther Finance Advisors LLC now owns 15,017 shares of the company’s stock valued at $896,000 after purchasing an additional 14,176 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in iShares Select U.S. REIT ETF by 149.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,409 shares of the company’s stock valued at $1,337,000 after buying an additional 13,421 shares during the last quarter. Innova Wealth Partners boosted its position in iShares Select U.S. REIT ETF by 1,084.8% in the 1st quarter. Innova Wealth Partners now owns 73,824 shares of the company’s stock valued at $4,569,000 after buying an additional 67,593 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of iShares Select U.S. REIT ETF by 17.1% in the 1st quarter. Fifth Third Bancorp now owns 230,613 shares of the company’s stock valued at $14,273,000 after buying an additional 33,606 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of iShares Select U.S. REIT ETF in the 4th quarter valued at $609,000.

About iShares Select U.S. REIT ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares Select U.S. REIT ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select U.S. REIT ETF and related companies with MarketBeat.com's FREE daily email newsletter.