Shares of iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $28.88 and last traded at $28.88, with a volume of 239330 shares trading hands. The stock had previously closed at $28.38.
iShares Global REIT ETF Stock Up 1.9%
The stock’s 50 day moving average price is $27.61 and its two-hundred day moving average price is $26.73. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.
Institutional Investors Weigh In On iShares Global REIT ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter worth about $294,086,000. Valmark Advisers Inc. boosted its position in iShares Global REIT ETF by 3.1% in the 1st quarter. Valmark Advisers Inc. now owns 6,480,035 shares of the company’s stock worth $162,973,000 after purchasing an additional 196,864 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Global REIT ETF by 12.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock worth $152,642,000 after purchasing an additional 692,016 shares in the last quarter. Polianta Ltd grew its stake in shares of iShares Global REIT ETF by 4.6% during the 2nd quarter. Polianta Ltd now owns 4,427,000 shares of the company’s stock worth $122,273,000 after purchasing an additional 194,000 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of iShares Global REIT ETF by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after purchasing an additional 2,181,940 shares during the period.
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.
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