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

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 $63.28 and last traded at $63.99, with a volume of 158266 shares trading hands. The stock had previously closed at $63.53.

iShares Cohen & Steers REIT ETF Price Performance

The company’s 50-day simple moving average is $65.03 and its 200 day simple moving average is $61.00. The firm has a market cap of $2.32 billion, a P/E ratio of 30.19 and a beta of 0.94.

Institutional Trading of iShares Cohen & Steers REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in iShares Cohen & Steers REIT ETF by 5.4% during the first quarter. Kestra Advisory Services LLC now owns 541,388 shares of the company’s stock valued at $31,238,000 after purchasing an additional 27,524 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of iShares Cohen & Steers REIT ETF by 12.5% in the second quarter. Foundations Investment Advisors LLC now owns 392,177 shares of the company’s stock worth $22,468,000 after buying an additional 43,586 shares during the last quarter. AMG National Trust Bank grew its holdings in iShares Cohen & Steers REIT ETF by 0.8% during the third quarter. AMG National Trust Bank now owns 318,719 shares of the company’s stock worth $21,007,000 after acquiring an additional 2,594 shares during the period. Koss Olinger Consulting LLC purchased a new position in iShares Cohen & Steers REIT ETF during the second quarter valued at approximately $13,481,000. Finally, IFG Advisors LLC lifted its holdings in iShares Cohen & Steers REIT ETF by 5.8% in the third quarter. IFG Advisors LLC now owns 224,724 shares of the company’s stock valued at $14,812,000 after acquiring an additional 12,385 shares during the period.

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).