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

iShares Cohen & Steers REIT ETF (BATS:ICF) shares hit a new 52-week low on Monday . The company traded as low as $64.23 and last traded at $64.50, with a volume of 83318 shares trading hands. The stock had previously closed at $64.45.

iShares Cohen & Steers REIT ETF Trading Down 0.3 %

The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94. The company’s fifty day moving average is $64.58 and its two-hundred day moving average is $62.11.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Cohen & Steers REIT ETF by 4.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 45,824 shares of the company’s stock valued at $2,625,000 after buying an additional 1,809 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in iShares Cohen & Steers REIT ETF by 62.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 47,334 shares of the company’s stock worth $2,712,000 after purchasing an additional 18,107 shares in the last quarter. Westside Investment Management Inc. raised its stake in iShares Cohen & Steers REIT ETF by 19.5% during the 2nd quarter. Westside Investment Management Inc. now owns 8,934 shares of the company’s stock valued at $512,000 after purchasing an additional 1,455 shares during the period. Physician Wealth Advisors Inc. purchased a new stake in shares of iShares Cohen & Steers REIT ETF in the second quarter valued at $202,000. Finally, Peddock Capital Advisors LLC boosted its position in shares of iShares Cohen & Steers REIT ETF by 1.0% in the second quarter. Peddock Capital Advisors LLC now owns 20,029 shares of the company’s stock worth $1,147,000 after buying an additional 197 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).