iShares Global REIT ETF (NYSEARCA:REET) Sets New 1-Year High – Here’s What Happened

iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high during trading on Wednesday . The company traded as high as $27.68 and last traded at $27.61, with a volume of 143414 shares trading hands. The stock had previously closed at $27.61.

iShares Global REIT ETF Stock Down 0.5%

The business has a 50-day simple moving average of $26.57 and a two-hundred day simple moving average of $26.01. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new stake in iShares Global REIT ETF in the 4th quarter valued at about $294,086,000. Polianta Ltd bought a new stake in iShares Global REIT ETF during the fourth quarter worth approximately $90,668,000. Goldman Sachs Group Inc. grew its position in iShares Global REIT ETF by 167.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after buying an additional 2,181,940 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares Global REIT ETF in the second quarter worth approximately $24,090,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Global REIT ETF by 12.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after buying an additional 692,016 shares in the last quarter.

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.