iShares Cohen & Steers REIT ETF (BATS:ICF) Hits New 12-Month Low – Should You Sell?

iShares Cohen & Steers REIT ETF (BATS:ICF)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $59.13 and last traded at $61.82, with a volume of 228264 shares traded. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Trading Up 6.3 %

The firm’s 50-day moving average price is $60.68 and its 200 day moving average price is $63.19. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

A number of large investors have recently bought and sold shares of ICF. Bank of America Corp DE boosted its position in shares of iShares Cohen & Steers REIT ETF by 0.5% during the 4th quarter. Bank of America Corp DE now owns 808,781 shares of the company’s stock worth $48,737,000 after purchasing an additional 3,960 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares Cohen & Steers REIT ETF during the fourth quarter worth approximately $35,359,000. M&T Bank Corp raised its position in shares of iShares Cohen & Steers REIT ETF by 1.2% during the fourth quarter. M&T Bank Corp now owns 472,246 shares of the company’s stock worth $28,457,000 after purchasing an additional 5,655 shares during the period. Connecticut Wealth Management LLC lifted its holdings in shares of iShares Cohen & Steers REIT ETF by 7.3% in the 4th quarter. Connecticut Wealth Management LLC now owns 450,373 shares of the company’s stock worth $27,139,000 after purchasing an additional 30,486 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in iShares Cohen & Steers REIT ETF by 14.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 441,678 shares of the company’s stock valued at $26,615,000 after purchasing an additional 54,693 shares during the period.

iShares Cohen & Steers 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).