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 share price reached a new 52-week high on Thursday . The company traded as high as $69.78 and last traded at $69.73, with a volume of 138580 shares changing hands. The stock had previously closed at $68.36.

iShares Select U.S. REIT ETF Stock Performance

The business’s 50-day moving average price is $68.01 and its 200 day moving average price is $65.00. The stock has a market capitalization of $2.20 billion, a PE ratio of 35.35 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp lifted its position in iShares Select U.S. REIT ETF by 50.3% in the second quarter. Peapack Gladstone Financial Corp now owns 24,733 shares of the company’s stock valued at $1,512,000 after purchasing an additional 8,281 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Select U.S. REIT ETF by 11.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 101,871 shares of the company’s stock valued at $6,231,000 after acquiring an additional 10,787 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of iShares Select U.S. REIT ETF by 0.8% during the second 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 during the last quarter. Modern Wealth Management LLC bought a new stake in shares of iShares Select U.S. REIT ETF in the 2nd quarter worth approximately $4,301,000. Finally, MML Investors Services LLC boosted its position in shares of iShares Select U.S. REIT ETF by 40.6% in the 2nd quarter. MML Investors Services LLC now owns 32,334 shares of the company’s stock worth $1,978,000 after purchasing an additional 9,340 shares in the last quarter.

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.