iShares Select U.S. REIT ETF (BATS:ICF) Reaches New 52-Week High – Still a Buy?

iShares Select U.S. REIT ETF (BATS:ICF)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $69.78 and last traded at $69.73, with a volume of 138580 shares. The stock had previously closed at $68.36.

iShares Select U.S. REIT ETF Trading Down 0.1%

The firm’s 50 day simple moving average is $68.09 and its two-hundred day simple moving average is $65.11. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in iShares Select U.S. REIT ETF by 36.8% in 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 in the last quarter. Morgan Stanley increased its holdings in 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 purchasing 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% in the first quarter. Bank of America Corp DE now owns 773,812 shares of the company’s stock worth $47,891,000 after purchasing an additional 5,641 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares Select U.S. REIT ETF by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 680,250 shares of the company’s stock worth $40,590,000 after purchasing an additional 35,457 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of iShares Select U.S. REIT ETF by 4.8% in the third quarter. Raymond James Financial Inc. now owns 654,640 shares of the company’s stock valued at $40,339,000 after purchasing an additional 30,172 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.