Modera Wealth Management LLC Has $34.70 Million Stake in iShares Global REIT ETF $REET

Modera Wealth Management LLC raised its stake in iShares Global REIT ETF (NYSEARCA:REET) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,379,901 shares of the company’s stock after acquiring an additional 80,735 shares during the quarter. Modera Wealth Management LLC owned approximately 0.79% of iShares Global REIT ETF worth $34,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in REET. Bessemer Group Inc. lifted its stake in iShares Global REIT ETF by 124.0% in the 1st quarter. Bessemer Group Inc. now owns 2,361 shares of the company’s stock valued at $60,000 after purchasing an additional 1,307 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of iShares Global REIT ETF during the first quarter worth $248,000. Sanctuary Advisors LLC grew its stake in shares of iShares Global REIT ETF by 34.4% during the first quarter. Sanctuary Advisors LLC now owns 21,969 shares of the company’s stock worth $553,000 after buying an additional 5,627 shares during the last quarter. Northland Securities Inc. acquired a new position in shares of iShares Global REIT ETF during the first quarter worth $379,000. Finally, Navigate Wealth Management LLC acquired a new position in shares of iShares Global REIT ETF during the first quarter worth $456,000.

iShares Global REIT ETF Stock Performance

Shares of REET opened at $28.52 on Friday. iShares Global REIT ETF has a 52 week low of $24.28 and a 52 week high of $28.78. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92. The stock has a fifty day moving average of $27.52 and a 200-day moving average of $26.63.

iShares Global REIT ETF 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.