iShares Select U.S. REIT ETF (BATS:ICF) Hits New 12-Month High – What’s Next?

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

iShares Select U.S. REIT ETF Stock Performance

The firm has a market cap of $2.20 billion, a PE ratio of 35.35 and a beta of 0.97. The stock has a 50-day simple moving average of $68.01 and a two-hundred day simple moving average of $65.00.

Hedge Funds Weigh In On iShares Select U.S. REIT ETF

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of iShares Select U.S. REIT ETF by 1,685.6% in the fourth quarter. Farther Finance Advisors LLC now owns 15,017 shares of the company’s stock valued at $896,000 after buying an additional 14,176 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of iShares Select U.S. REIT ETF by 149.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 22,409 shares of the company’s stock worth $1,337,000 after acquiring an additional 13,421 shares during the last quarter. Innova Wealth Partners grew its stake in shares of iShares Select U.S. REIT ETF by 1,084.8% during the 1st quarter. Innova Wealth Partners now owns 73,824 shares of the company’s stock valued at $4,569,000 after buying an additional 67,593 shares during the period. Fifth Third Bancorp lifted its stake in shares of iShares Select U.S. REIT ETF by 17.1% in the 1st quarter. Fifth Third Bancorp now owns 230,613 shares of the company’s stock valued at $14,273,000 after purchasing an additional 33,606 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of iShares Select U.S. REIT ETF in the 4th quarter valued at about $609,000.

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.