iShares Select U.S. REIT ETF (BATS:ICF) Reaches New 1-Year High – Time to Buy?

iShares Select U.S. REIT ETF (BATS:ICF)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $69.02 and last traded at $69.01, with a volume of 62946 shares trading hands. The stock had previously closed at $68.08.

iShares Select U.S. REIT ETF Stock Performance

The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97. The business’s 50 day moving average is $66.10 and its 200-day moving average is $63.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in iShares Select U.S. REIT ETF by 36.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,484,144 shares of the company’s stock worth $88,559,000 after buying an additional 399,193 shares during the last quarter. Morgan Stanley raised its holdings in shares of iShares Select U.S. REIT ETF by 1.0% during the fourth quarter. Morgan Stanley now owns 1,367,217 shares of the company’s stock valued at $81,582,000 after acquiring an additional 13,815 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of iShares Select U.S. REIT ETF by 0.7% during the first quarter. Bank of America Corp DE now owns 773,812 shares of the company’s stock valued at $47,891,000 after acquiring an additional 5,641 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of iShares Select U.S. REIT ETF by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 680,250 shares of the company’s stock valued at $40,590,000 after acquiring an additional 35,457 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of iShares Select U.S. REIT ETF by 4.8% in the third quarter. Raymond James Financial Inc. now owns 654,640 shares of the company’s stock valued at $40,339,000 after acquiring an additional 30,172 shares in the last quarter.

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.