iShares Cohen & Steers REIT ETF (BATS:ICF) Sets New 52-Week Low – Here’s What Happened

iShares Cohen & Steers REIT ETF (BATS:ICF)’s share price reached a new 52-week low on Monday . The stock traded as low as $59.13 and last traded at $59.75, with a volume of 228264 shares trading hands. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The firm has a market cap of $2.20 billion, a PE ratio of 30.19 and a beta of 0.94. The firm’s 50 day moving average price is $61.42 and its two-hundred day moving average price is $63.08.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its stake in shares of iShares Cohen & Steers REIT ETF by 3.2% in the 3rd quarter. Axxcess Wealth Management LLC now owns 6,283 shares of the company’s stock valued at $414,000 after purchasing an additional 193 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in iShares Cohen & Steers REIT ETF by 4.9% in the third quarter. Sequoia Financial Advisors LLC now owns 5,532 shares of the company’s stock valued at $365,000 after buying an additional 260 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in iShares Cohen & Steers REIT ETF by 6.2% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,335 shares of the company’s stock worth $321,000 after buying an additional 310 shares during the period. Park Avenue Securities LLC boosted its stake in iShares Cohen & Steers REIT ETF by 7.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,622 shares of the company’s stock worth $279,000 after buying an additional 333 shares during the period. Finally, Bristlecone Advisors LLC acquired a new stake in shares of iShares Cohen & Steers REIT ETF during the third quarter valued at about $25,000.

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).