iShares Cohen & Steers REIT ETF (BATS:ICF) Sets New 12-Month Low – Time to Sell?

iShares Cohen & Steers REIT ETF (BATS:ICF)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $59.13 and last traded at $61.52, with a volume of 228264 shares trading hands. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The business has a 50 day moving average of $62.09 and a two-hundred day moving average of $62.95. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94.

Hedge Funds Weigh In On iShares Cohen & Steers REIT ETF

A number of institutional investors have recently modified their holdings of ICF. National Bank of Canada FI bought a new stake in iShares Cohen & Steers REIT ETF during the 3rd quarter valued at $13,278,000. School Employees Retirement Board of Ohio acquired a new position in shares of iShares Cohen & Steers REIT ETF during the third quarter valued at about $6,966,000. Foundations Investment Advisors LLC increased its position in shares of iShares Cohen & Steers REIT ETF by 14.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 441,678 shares of the company’s stock worth $26,615,000 after acquiring an additional 54,693 shares in the last quarter. Pinnacle Family Advisors LLC acquired a new stake in shares of iShares Cohen & Steers REIT ETF in the 3rd quarter worth about $2,985,000. Finally, Innova Wealth Partners acquired a new stake in shares of iShares Cohen & Steers REIT ETF in the 4th quarter worth about $2,728,000.

iShares Cohen & Steers 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).