Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in iShares Global REIT ETF $REET

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in iShares Global REIT ETF (NYSEARCA:REET) by 73.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,796,249 shares of the company’s stock after acquiring an additional 758,228 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 1.14% of iShares Global REIT ETF worth $45,912,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of REET. Valmark Advisers Inc. grew its stake in iShares Global REIT ETF by 3.9% in the 3rd quarter. Valmark Advisers Inc. now owns 6,045,409 shares of the company’s stock valued at $154,521,000 after purchasing an additional 228,415 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Global REIT ETF by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,013,169 shares of the company’s stock worth $123,825,000 after buying an additional 132,509 shares during the last quarter. SageView Advisory Group LLC grew its position in iShares Global REIT ETF by 10.8% during the second quarter. SageView Advisory Group LLC now owns 2,951,690 shares of the company’s stock valued at $73,025,000 after buying an additional 288,303 shares during the period. Savant Capital LLC increased its holdings in iShares Global REIT ETF by 9.2% during the second quarter. Savant Capital LLC now owns 2,624,235 shares of the company’s stock worth $64,819,000 after buying an additional 221,576 shares during the last quarter. Finally, Heritage Investment Group Inc. raised its position in iShares Global REIT ETF by 1.0% in the second quarter. Heritage Investment Group Inc. now owns 1,575,201 shares of the company’s stock worth $38,907,000 after acquiring an additional 16,308 shares during the period.

iShares Global REIT ETF Price Performance

REET opened at $25.33 on Friday. iShares Global REIT ETF has a twelve month low of $20.96 and a twelve month high of $26.07. The company’s 50-day moving average price is $25.15 and its two-hundred day moving average price is $25.17. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99.

iShares Global REIT ETF Company Profile

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.