iShares Cohen & Steers REIT ETF (BATS:ICF) Reaches New 1-Year Low – What’s Next?

iShares Cohen & Steers REIT ETF (BATS:ICF) reached a new 52-week low on Monday . The company traded as low as $65.39 and last traded at $64.64, with a volume of 89675 shares trading hands. The stock had previously closed at $65.96.

iShares Cohen & Steers REIT ETF Stock Down 2.0 %

The business’s 50 day simple moving average is $64.74 and its 200-day simple moving average is $59.59. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ZRC Wealth Management LLC acquired a new position in shares of iShares Cohen & Steers REIT ETF in the 1st quarter worth approximately $30,000. Ridgewood Investments LLC purchased a new stake in iShares Cohen & Steers REIT ETF in the second quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new stake in shares of iShares Cohen & Steers REIT ETF during the third quarter worth about $108,000. Physician Wealth Advisors Inc. purchased a new position in shares of iShares Cohen & Steers REIT ETF in the 2nd quarter valued at approximately $202,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of iShares Cohen & Steers REIT ETF during the second quarter worth about $204,000.

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).