Cornerstone Advisors Asset Management LLC raised its position in iShares Select U.S. REIT ETF (BATS:ICF – Free Report) by 21.3% in the first quarter, HoldingsChannel reports. The fund owned 63,720 shares of the company’s stock after purchasing an additional 11,186 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in iShares Select U.S. REIT ETF were worth $3,944,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Securities Inc. raised its position in shares of iShares Select U.S. REIT ETF by 2.2% during the fourth quarter. Fifth Third Securities Inc. now owns 7,907 shares of the company’s stock worth $472,000 after purchasing an additional 168 shares during the period. Sequoia Financial Advisors LLC grew its position in iShares Select U.S. REIT ETF by 3.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,448 shares of the company’s stock valued at $325,000 after purchasing an additional 176 shares during the period. Harbour Investments Inc. grew its position in 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 purchasing an additional 204 shares during the period. IHT Wealth Management LLC increased its stake in iShares Select U.S. REIT ETF by 0.8% during the 2nd quarter. IHT Wealth Management LLC now owns 25,168 shares of the company’s stock valued at $1,539,000 after purchasing an additional 205 shares in the last quarter. Finally, American Trust increased its stake in iShares Select U.S. REIT ETF by 3.4% during the 3rd quarter. American Trust now owns 6,450 shares of the company’s stock valued at $397,000 after purchasing an additional 215 shares in the last quarter.
iShares Select U.S. REIT ETF Stock Performance
ICF opened at $69.67 on Monday. The company’s fifty day moving average price is $68.09 and its two-hundred day moving average price is $65.14. iShares Select U.S. REIT ETF has a 1-year low of $58.91 and a 1-year high of $70.46. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 35.35 and a beta of 0.97.
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.
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