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

iShares Select U.S. REIT ETF (BATS:ICF) shares reached a new 52-week high on Thursday . The company traded as high as $69.34 and last traded at $68.97, with a volume of 219827 shares trading hands. The stock had previously closed at $68.85.

iShares Select U.S. REIT ETF Stock Performance

The stock’s fifty day moving average is $66.99 and its two-hundred day moving average is $63.70. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97.

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

Large investors have recently added to or reduced their stakes in the company. AMG National Trust Bank grew its holdings in iShares Select U.S. REIT ETF by 4.7% during the 3rd quarter. AMG National Trust Bank now owns 330,217 shares of the company’s stock valued at $20,348,000 after purchasing an additional 14,812 shares in the last quarter. Huntington National Bank grew its holdings in iShares Select U.S. REIT ETF by 31.9% during the 3rd quarter. Huntington National Bank now owns 249,816 shares of the company’s stock worth $15,394,000 after acquiring an additional 60,408 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in iShares Select U.S. REIT ETF by 1,685.6% during the 4th quarter. Farther Finance Advisors LLC now owns 15,017 shares of the company’s stock worth $896,000 after acquiring an additional 14,176 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in iShares Select U.S. REIT ETF during the 4th quarter worth $609,000. Finally, Cresset Asset Management LLC grew its holdings in iShares Select U.S. REIT ETF by 9.4% during the 3rd quarter. Cresset Asset Management LLC now owns 101,254 shares of the company’s stock worth $6,239,000 after acquiring an additional 8,680 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.