Send me real-time posts from this site at my email
Zacks

Real Estate ETF (ICF) Hits New 52-Week High

For investors looking for momentum, iShares Cohen & Steers REIT ETF ICF is probably on radar now. The fund just hit a 52-week high. Shares of ICF are up roughly 20.1% from their 52-week low price of $88.4/share.

But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:

ICF in Focus

The fund tracks the Cohen & Steers Realty Majors Index that provides exposure to large real estate companies dominant in their respective property sectors. Specialized REITs (27%), Residential REITs (19.3%), Retail REITs (16.8%) and Office REITs (13.6%) have a double-digit allocation each. It charges 34 bps as fees (see: all the Real Estate ETFs here)

Why the move?

 The recent stock market decline has made investors park their money in long-term debts, thereby pulling down yields. This has pulled down the average 30-year mortgage rate to a two-month low of 4.75%., increasing the appeal of the real estate sector, which is  rate sensitive.

More Gains Ahead?

Currently, ICF has a Zacks ETF Rank #3 (Hold). So, it is hard to get a handle on its future returns one way or another. It seems that the outperformance could continue in the days ahead as the fund has a positive weighted alpha of 8.5 and a decent 20-day historical volatility of 13.16%

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ISHARS-C&S REIT (ICF): ETF Research Reports
 
To read this article on Zacks.com click here.

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue