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 hit a new 52-week high during trading on Thursday . The company traded as high as $68.90 and last traded at $68.36, with a volume of 134711 shares trading hands. The stock had previously closed at $68.58.

iShares Select U.S. REIT ETF Price Performance

The stock has a market cap of $2.16 billion, a PE ratio of 35.35 and a beta of 0.97. The business has a fifty day moving average of $65.51 and a 200 day moving average of $63.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ICF. Fifth Third Securities Inc. lifted its holdings in iShares Select U.S. REIT ETF by 2.2% during the 4th quarter. Fifth Third Securities Inc. now owns 7,907 shares of the company’s stock worth $472,000 after buying an additional 168 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in iShares Select U.S. REIT ETF by 1.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 9,597 shares of the company’s stock worth $591,000 after buying an additional 171 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in iShares Select U.S. REIT ETF by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,448 shares of the company’s stock worth $325,000 after buying an additional 176 shares during the last quarter. Harbour Investments Inc. lifted its holdings in iShares Select U.S. REIT ETF by 28.6% during the 4th quarter. Harbour Investments Inc. now owns 918 shares of the company’s stock worth $55,000 after buying an additional 204 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings 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 worth $1,539,000 after buying an additional 205 shares during 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.