iShares Select U.S. REIT ETF (BATS:ICF) Reaches New 12-Month High – Still a 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 changing hands. The stock had previously closed at $68.08.

iShares Select U.S. REIT ETF Stock Performance

The firm 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 price is $66.10 and its 200 day moving average price is $63.37.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ICF. Clayton Financial Group LLC grew its position in shares of iShares Select U.S. REIT ETF by 411.5% during the 4th quarter. Clayton Financial Group LLC now owns 491 shares of the company’s stock valued at $29,000 after acquiring an additional 395 shares during the period. AlphaCore Capital LLC acquired a new position in iShares Select U.S. REIT ETF in the 4th quarter worth about $37,000. Assetmark Inc. boosted its position in iShares Select U.S. REIT ETF by 85.5% during the third quarter. Assetmark Inc. now owns 705 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in iShares Select U.S. REIT ETF during the fourth quarter worth approximately $47,000. Finally, Harbour Investments Inc. grew its holdings in iShares Select U.S. REIT ETF by 28.6% in the fourth quarter. Harbour Investments Inc. now owns 918 shares of the company’s stock valued at $55,000 after purchasing an additional 204 shares during the period.

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.