iShares Select U.S. REIT ETF (BATS:ICF) Sets New 1-Year High – What’s Next?

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 $68.90 and last traded at $68.36, with a volume of 134711 shares changing hands. The stock had previously closed at $68.58.

iShares Select U.S. REIT ETF Trading Down 0.8%

The company has a 50 day simple moving average of $65.68 and a 200 day simple moving average of $63.19. The stock has a market capitalization of $2.13 billion, a PE ratio of 35.35 and a beta of 0.97.

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

A number of hedge funds have recently added to or reduced their stakes in ICF. Peapack Gladstone Financial Corp lifted its position in iShares Select U.S. REIT ETF by 50.3% in the second quarter. Peapack Gladstone Financial Corp now owns 24,733 shares of the company’s stock valued at $1,512,000 after purchasing an additional 8,281 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Select U.S. REIT ETF by 11.8% in the second quarter. Ameriprise Financial Inc. now owns 101,871 shares of the company’s stock valued at $6,231,000 after purchasing an additional 10,787 shares during the period. IHT Wealth Management LLC lifted its position in iShares Select U.S. REIT ETF by 0.8% in the second quarter. IHT Wealth Management LLC now owns 25,168 shares of the company’s stock valued at $1,539,000 after purchasing an additional 205 shares during the period. Modern Wealth Management LLC acquired a new stake in iShares Select U.S. REIT ETF in the second quarter valued at about $4,301,000. Finally, MML Investors Services LLC lifted its position in iShares Select U.S. REIT ETF by 40.6% in the second quarter. MML Investors Services LLC now owns 32,334 shares of the company’s stock valued at $1,978,000 after purchasing an additional 9,340 shares during the period.

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.