iShares Cohen & Steers REIT ETF (BATS:ICF) Hits New 12-Month Low – Here’s Why

iShares Cohen & Steers REIT ETF (BATS:ICF)’s stock price reached a new 52-week low on Monday . The company traded as low as $59.13 and last traded at $63.58, with a volume of 228264 shares trading hands. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The stock has a 50 day moving average of $60.98 and a two-hundred day moving average of $63.23. The stock has a market cap of $2.30 billion, a PE ratio of 36.87 and a beta of 0.94.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in iShares Cohen & Steers REIT ETF during the 4th quarter valued at $35,359,000. National Bank of Canada FI acquired a new position in iShares Cohen & Steers REIT ETF during the third quarter valued at $13,278,000. Focus Partners Wealth lifted its stake in iShares Cohen & Steers REIT ETF by 433.7% in the 4th quarter. Focus Partners Wealth now owns 138,829 shares of the company’s stock worth $8,369,000 after acquiring an additional 112,816 shares in the last quarter. Alexis Investment Partners LLC acquired a new stake in iShares Cohen & Steers REIT ETF during the 4th quarter worth about $5,965,000. Finally, Foundations Investment Advisors LLC grew its stake in iShares Cohen & Steers REIT ETF by 14.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 441,678 shares of the company’s stock valued at $26,615,000 after acquiring an additional 54,693 shares in the last quarter.

About iShares Cohen & Steers 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).