iShares Select U.S. REIT ETF (BATS:ICF) Stock Cross Below Fifty Day Moving Average – Here’s What Happened

iShares Select U.S. REIT ETF (BATS:ICF) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $68.11 and traded as low as $64.47. iShares Select U.S. REIT ETF shares last traded at $64.48, with a volume of 115,409 shares.

iShares Select U.S. REIT ETF Stock Down 1.0%

The business has a 50-day moving average price of $68.11 and a 200-day moving average price of $66.95. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ICF. Bank of New York Mellon Corp boosted its holdings in iShares Select U.S. REIT ETF by 27.2% in the first quarter. Bank of New York Mellon Corp now owns 366,811 shares of the company’s stock worth $22,702,000 after acquiring an additional 78,486 shares in the last quarter. Innova Wealth Partners grew its stake in shares of iShares Select U.S. REIT ETF by 1,084.8% during the first quarter. Innova Wealth Partners now owns 73,824 shares of the company’s stock worth $4,569,000 after acquiring an additional 67,593 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of iShares Select U.S. REIT ETF by 10.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 626,383 shares of the company’s stock worth $37,376,000 after acquiring an additional 59,134 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of iShares Select U.S. REIT ETF by 7.6% during the first quarter. Royal Bank of Canada now owns 556,029 shares of the company’s stock valued at $34,412,000 after acquiring an additional 39,317 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Select U.S. REIT ETF by 17.1% during the first quarter. Fifth Third Bancorp now owns 230,613 shares of the company’s stock valued at $14,273,000 after acquiring an additional 33,606 shares in 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.