JPMorgan Chase & Co. Reduces Stock Position in iShares Select U.S. REIT ETF $ICF

JPMorgan Chase & Co. lessened its stake in iShares Select U.S. REIT ETF (BATS:ICF) by 10.7% in the third quarter, HoldingsChannel reports. The firm owned 1,084,951 shares of the company’s stock after selling 129,756 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Select U.S. REIT ETF were worth $66,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest 10 Wealth Builders Inc. bought a new stake in shares of iShares Select U.S. REIT ETF in the third quarter worth $26,000. Howe & Rusling Inc. lifted its holdings in iShares Select U.S. REIT ETF by 98.0% in the second quarter. Howe & Rusling Inc. now owns 594 shares of the company’s stock valued at $36,000 after acquiring an additional 294 shares during the period. Assetmark Inc. boosted its position in iShares Select U.S. REIT ETF by 85.5% in the third quarter. Assetmark Inc. now owns 705 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in iShares Select U.S. REIT ETF in the third quarter worth about $47,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of iShares Select U.S. REIT ETF during the 3rd quarter valued at about $77,000.

iShares Select U.S. REIT ETF Stock Up 0.3%

Shares of BATS:ICF opened at $65.75 on Wednesday. The firm’s 50 day moving average price is $61.50 and its 200-day moving average price is $61.14. iShares Select U.S. REIT ETF has a twelve month low of $52.76 and a twelve month high of $66.19. The stock has a market capitalization of $2.07 billion, a PE ratio of 35.35 and a beta of 0.97.

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.