iShares Cohen & Steers REIT ETF (BATS:ICF) Stock Cross Below 50-Day Moving Average – Time to Sell?

iShares Cohen & Steers REIT ETF (BATS:ICF)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $63.38 and traded as low as $59.64. iShares Cohen & Steers REIT ETF shares last traded at $60.26, with a volume of 207,150 shares trading hands.

iShares Cohen & Steers REIT ETF Price Performance

The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 30.19 and a beta of 0.94. The business has a fifty day moving average price of $63.28 and a two-hundred day moving average price of $62.62.

Institutional Investors Weigh In On iShares Cohen & Steers REIT ETF

Several hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp purchased a new position in shares of iShares Cohen & Steers REIT ETF during the 3rd quarter valued at approximately $228,000. Sanctuary Advisors LLC raised its position in iShares Cohen & Steers REIT ETF by 4.2% during the third quarter. Sanctuary Advisors LLC now owns 9,785 shares of the company’s stock worth $635,000 after acquiring an additional 395 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in iShares Cohen & Steers REIT ETF by 6.0% during the third quarter. SOA Wealth Advisors LLC. now owns 50,190 shares of the company’s stock valued at $3,308,000 after purchasing an additional 2,856 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of iShares Cohen & Steers REIT ETF by 9.1% in the third quarter. Westside Investment Management Inc. now owns 9,748 shares of the company’s stock valued at $643,000 after purchasing an additional 814 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of iShares Cohen & Steers REIT ETF by 7.2% during the third quarter. Sunbelt Securities Inc. now owns 5,987 shares of the company’s stock worth $395,000 after purchasing an additional 400 shares in 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).