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

iShares Select U.S. REIT ETF (BATS:ICF)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $68.64 and last traded at $68.58, with a volume of 19591 shares changing hands. The stock had previously closed at $68.21.

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

The firm’s 50-day moving average price is $65.17 and its 200 day moving average price is $62.89. The company 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

Several hedge funds and other institutional investors have recently made changes to their positions in ICF. Clayton Financial Group LLC raised its position in shares of iShares Select U.S. REIT ETF by 411.5% in the 4th quarter. Clayton Financial Group LLC now owns 491 shares of the company’s stock valued at $29,000 after buying an additional 395 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of iShares Select U.S. REIT ETF in the 4th quarter valued at approximately $37,000. Assetmark Inc. raised its position in shares of iShares Select U.S. REIT ETF by 85.5% in the 3rd quarter. Assetmark Inc. now owns 705 shares of the company’s stock valued at $43,000 after buying an additional 325 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Select U.S. REIT ETF in the 4th quarter valued at approximately $47,000. Finally, Harbour Investments Inc. raised its position in shares of iShares Select U.S. REIT ETF by 28.6% in the 4th quarter. Harbour Investments Inc. now owns 918 shares of the company’s stock valued at $55,000 after buying an additional 204 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.