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

Shares of iShares Cohen & Steers REIT ETF (BATS:ICF) hit a new 52-week low during mid-day trading 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 Price Performance

The stock has a fifty day simple moving average of $61.42 and a 200-day simple moving average of $63.08. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94.

Institutional Inflows and Outflows

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