iShares Global REIT ETF (NYSEARCA:REET) Sets New 12-Month High – What’s Next?

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.15 and last traded at $28.14, with a volume of 67352 shares trading hands. The stock had previously closed at $27.85.

iShares Global REIT ETF Stock Up 1.3%

The company has a market cap of $4.99 billion, a P/E ratio of 29.27 and a beta of 0.92. The stock has a 50 day moving average price of $27.37 and a two-hundred day moving average price of $26.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SHP Wealth Management bought a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of iShares Global REIT ETF in the fourth quarter valued at about $26,000. Mascoma Wealth Management LLC bought a new position in iShares Global REIT ETF during the first quarter worth about $33,000. EFG International AG bought a new position in iShares Global REIT ETF during the fourth quarter worth about $50,000. Finally, Operose Advisors LLC raised its stake in iShares Global REIT ETF by 211.1% in the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after purchasing an additional 1,440 shares in the last quarter.

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.