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

iShares Select U.S. REIT ETF (BATS:ICF) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.53 and last traded at $70.53, with a volume of 16134 shares trading hands. The stock had previously closed at $68.95.

iShares Select U.S. REIT ETF Stock Performance

The business’s fifty day moving average price is $68.30 and its 200-day moving average price is $65.44. The stock has a market cap of $2.22 billion, a PE ratio of 35.35 and a beta of 0.97.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC raised its stake in iShares Select U.S. REIT ETF by 7.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,495 shares of the company’s stock valued at $710,000 after buying an additional 717 shares during the last quarter. Evanson Financial LLC purchased a new position in shares of iShares Select U.S. REIT ETF in the 2nd quarter worth $981,000. Post Resch Tallon Group Inc. boosted its stake in shares of iShares Select U.S. REIT ETF by 2.4% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 6,400 shares of the company’s stock worth $433,000 after buying an additional 150 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares Select U.S. REIT ETF by 3.2% in the first quarter. NewEdge Advisors LLC now owns 16,782 shares of the company’s stock worth $1,039,000 after acquiring an additional 522 shares during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in shares of iShares Select U.S. REIT ETF by 2.4% in the first quarter. SOA Wealth Advisors LLC. now owns 58,738 shares of the company’s stock worth $3,635,000 after acquiring an additional 1,375 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.