Savvy Advisors Inc. Acquires Shares of 11,539 iShares Global REIT ETF (NYSEARCA:REET)

Savvy Advisors Inc. bought a new position in iShares Global REIT ETF (NYSEARCA:REET) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,539 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds also recently made changes to their positions in the company. Heritage Investment Group Inc. increased its holdings in shares of iShares Global REIT ETF by 1,484.2% during the fourth quarter. Heritage Investment Group Inc. now owns 1,383,756 shares of the company’s stock valued at $33,459,000 after purchasing an additional 1,296,406 shares during the period. SageView Advisory Group LLC lifted its stake in shares of iShares Global REIT ETF by 95.0% in the 3rd quarter. SageView Advisory Group LLC now owns 1,661,866 shares of the company’s stock worth $35,182,000 after acquiring an additional 809,652 shares during the period. M&T Bank Corp increased its stake in shares of iShares Global REIT ETF by 12.9% during the fourth quarter. M&T Bank Corp now owns 5,123,411 shares of the company’s stock valued at $123,884,000 after acquiring an additional 585,433 shares during the period. Lester Murray Antman dba SimplyRich bought a new stake in iShares Global REIT ETF during the fourth quarter worth approximately $7,822,000. Finally, Envestnet Asset Management Inc. boosted its stake in iShares Global REIT ETF by 33.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,055,728 shares of the company’s stock valued at $22,350,000 after purchasing an additional 262,050 shares in the last quarter.

iShares Global REIT ETF Stock Performance

REET stock remained flat at $23.56 during trading hours on Friday. The company had a trading volume of 129,091 shares, compared to its average volume of 635,529. The firm has a 50 day moving average of $22.93 and a 200-day moving average of $22.95. The firm has a market capitalization of $3.59 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a fifty-two week low of $19.69 and a fifty-two week high of $24.65.

About iShares Global REIT ETF

The iShares Global REIT ETF (REET) is an exchange-traded fund that is based on the FTSE EPRA Nareit Global REITs index, a global, market-cap-weighted index of firms involved in the ownership and operation of real estate. REET was launched on Jul 8, 2014 and is managed by BlackRock.