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

iShares Select U.S. REIT ETF (BATS:ICF)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $68.15 and last traded at $68.03, with a volume of 5133 shares trading hands. The stock had previously closed at $67.48.

iShares Select U.S. REIT ETF Stock Up 1.2%

The business has a 50 day moving average of $64.68 and a 200 day moving average of $62.39. The company has a market capitalization of $2.16 billion, a P/E ratio of 35.35 and a beta of 0.97.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings 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 worth $88,559,000 after purchasing an additional 399,193 shares during the period. 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 during the period. Cetera Investment Advisers increased its holdings in 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 purchasing an additional 35,457 shares during the period. Raymond James Financial Inc. increased its holdings in 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 purchasing an additional 30,172 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in iShares Select U.S. REIT ETF by 10.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 626,383 shares of the company’s stock worth $37,376,000 after purchasing an additional 59,134 shares during the period.

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.