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

iShares Cohen & Steers REIT ETF (BATS:ICF) hit a new 52-week low on Tuesday . The company traded as low as $59.13 and last traded at $61.57, with a volume of 228264 shares. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Price Performance

The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94. The firm’s fifty day moving average is $61.80 and its 200-day moving average is $63.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in iShares Cohen & Steers REIT ETF in the third quarter worth approximately $13,278,000. School Employees Retirement Board of Ohio acquired a new position in shares of iShares Cohen & Steers REIT ETF during the 3rd quarter valued at $6,966,000. Foundations Investment Advisors LLC boosted its stake in iShares Cohen & Steers REIT ETF by 14.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 441,678 shares of the company’s stock worth $26,615,000 after acquiring an additional 54,693 shares in the last quarter. Pinnacle Family Advisors LLC acquired a new stake in iShares Cohen & Steers REIT ETF in the third quarter worth $2,985,000. Finally, Innova Wealth Partners bought a new stake in iShares Cohen & Steers REIT ETF in the fourth quarter valued at $2,728,000.

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).