iShares Select U.S. REIT ETF (BATS:ICF) Reaches New 1-Year 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 $68.90 and last traded at $68.36, with a volume of 134711 shares. The stock had previously closed at $68.58.

iShares Select U.S. REIT ETF Stock Performance

The business has a fifty day simple moving average of $65.51 and a 200 day simple moving average of $63.11. The company has a market cap of $2.16 billion, a P/E ratio of 35.35 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ICF. Clayton Financial Group LLC lifted its holdings in iShares Select U.S. REIT ETF by 411.5% during the 4th quarter. Clayton Financial Group LLC now owns 491 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of iShares Select U.S. REIT ETF during the 4th quarter worth approximately $37,000. Assetmark Inc. raised its position in shares of iShares Select U.S. REIT ETF by 85.5% during the 3rd quarter. Assetmark Inc. now owns 705 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Select U.S. REIT ETF during the 4th quarter worth approximately $47,000. Finally, Harbour Investments Inc. raised its position in shares of iShares Select U.S. REIT ETF by 28.6% during the 4th quarter. Harbour Investments Inc. now owns 918 shares of the company’s stock worth $55,000 after purchasing an additional 204 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.