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

iShares Cohen & Steers REIT ETF (BATS:ICF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $59.13 and last traded at $61.43, with a volume of 228264 shares traded. The stock had previously closed at $59.17.

iShares Cohen & Steers REIT ETF Stock Performance

The stock has a market capitalization of $2.23 billion, a P/E ratio of 30.19 and a beta of 0.94. The company’s 50-day moving average price is $61.13 and its 200 day moving average price is $63.11.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

Institutional investors have recently modified their holdings of the stock. Bristlecone Advisors LLC bought a new stake in iShares Cohen & Steers REIT ETF during the 3rd quarter valued at $25,000. Assetmark Inc. bought a new position in iShares Cohen & Steers REIT ETF during the 4th quarter worth about $37,000. Jones Financial Companies Lllp raised its holdings in shares of iShares Cohen & Steers REIT ETF by 142.7% in the 4th quarter. Jones Financial Companies Lllp now owns 677 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of iShares Cohen & Steers REIT ETF by 841.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 941 shares of the company’s stock worth $62,000 after purchasing an additional 841 shares during the period. Finally, ORG Wealth Partners LLC purchased a new position in iShares Cohen & Steers REIT ETF during the third quarter valued at approximately $108,000.

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).