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

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

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

The company has a 50 day simple moving average of $66.70 and a 200 day simple moving average of $63.60. The stock has a market capitalization of $2.18 billion, a PE ratio of 35.35 and a beta of 0.97.

Institutional Trading of iShares Select U.S. REIT ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in iShares Select U.S. REIT ETF by 36.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,484,144 shares of the company’s stock valued at $88,559,000 after acquiring an additional 399,193 shares during the last quarter. Morgan Stanley raised its stake in shares of iShares Select U.S. REIT ETF by 1.0% during the 4th quarter. Morgan Stanley now owns 1,367,217 shares of the company’s stock worth $81,582,000 after buying an additional 13,815 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Select U.S. REIT ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 773,812 shares of the company’s stock worth $47,891,000 after buying an additional 5,641 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of iShares Select U.S. REIT ETF by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 680,250 shares of the company’s stock worth $40,590,000 after buying an additional 35,457 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of iShares Select U.S. REIT ETF by 4.8% during the 3rd quarter. Raymond James Financial Inc. now owns 654,640 shares of the company’s stock worth $40,339,000 after buying an additional 30,172 shares in 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.