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

Shares of iShares Select U.S. REIT ETF (BATS:ICF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $68.64 and last traded at $68.58, with a volume of 19591 shares traded. The stock had previously closed at $68.21.

iShares Select U.S. REIT ETF Trading Up 0.1%

The stock’s 50-day moving average is $65.17 and its 200-day moving average is $62.89. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97.

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

A number of institutional investors have recently added to or reduced their stakes in ICF. Peapack Gladstone Financial Corp increased its position in iShares Select U.S. REIT ETF by 50.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 24,733 shares of the company’s stock worth $1,512,000 after purchasing an additional 8,281 shares in the last quarter. Ameriprise Financial Inc. increased its position in iShares Select U.S. REIT ETF by 11.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 101,871 shares of the company’s stock worth $6,231,000 after purchasing an additional 10,787 shares in the last quarter. IHT Wealth Management LLC increased its position in iShares Select U.S. REIT ETF by 0.8% during the 2nd quarter. IHT Wealth Management LLC now owns 25,168 shares of the company’s stock worth $1,539,000 after purchasing an additional 205 shares in the last quarter. Modern Wealth Management LLC acquired a new position in iShares Select U.S. REIT ETF during the 2nd quarter worth approximately $4,301,000. Finally, MML Investors Services LLC increased its position in iShares Select U.S. REIT ETF by 40.6% during the 2nd quarter. MML Investors Services LLC now owns 32,334 shares of the company’s stock worth $1,978,000 after purchasing an additional 9,340 shares in the last quarter.

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.