iShares Cohen & Steers REIT ETF (BATS:ICF) Hits New 52-Week Low – Should You Sell?

iShares Cohen & Steers REIT ETF (BATS:ICF) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $59.13 and last traded at $61.52, with a volume of 228264 shares. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94. The company has a 50-day moving average price of $62.20 and a 200-day moving average price of $62.94.

Hedge Funds Weigh In On iShares Cohen & Steers REIT ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AMG National Trust Bank lifted its position in shares of iShares Cohen & Steers REIT ETF by 0.8% during the 3rd quarter. AMG National Trust Bank now owns 318,719 shares of the company’s stock worth $21,007,000 after buying an additional 2,594 shares during the last quarter. IFG Advisors LLC raised its stake in iShares Cohen & Steers REIT ETF by 5.8% during the 3rd quarter. IFG Advisors LLC now owns 224,724 shares of the company’s stock worth $14,812,000 after acquiring an additional 12,385 shares in the last quarter. National Bank of Canada FI purchased a new stake in iShares Cohen & Steers REIT ETF in the third quarter valued at $13,278,000. HighTower Advisors LLC boosted its stake in iShares Cohen & Steers REIT ETF by 30.9% in the third quarter. HighTower Advisors LLC now owns 184,043 shares of the company’s stock valued at $12,136,000 after acquiring an additional 43,435 shares in the last quarter. Finally, McNaughton Wealth Management LLC grew its holdings in shares of iShares Cohen & Steers REIT ETF by 0.6% during the fourth quarter. McNaughton Wealth Management LLC now owns 120,974 shares of the company’s stock worth $7,290,000 after purchasing an additional 748 shares during the last quarter.

iShares Cohen & Steers REIT ETF Company Profile

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).