For investors looking for momentum, iShares Cohen & Steers REIT ETF (ICF - Free Report) 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%
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors looking for momentum, iShares Cohen & Steers REIT ETF (ICF - Free Report) 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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