iShares Global REIT ETF $REET Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. grew its stake in iShares Global REIT ETF (NYSEARCA:REET) by 1.8% during the second quarter, HoldingsChannel.com reports. The firm owned 5,816,994 shares of the company’s stock after purchasing an additional 102,585 shares during the period. iShares Global REIT ETF makes up approximately 2.0% of Valmark Advisers Inc.’s holdings, making the stock its 13th biggest holding. Valmark Advisers Inc.’s holdings in iShares Global REIT ETF were worth $143,680,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of REET. Courier Capital LLC raised its stake in shares of iShares Global REIT ETF by 9.2% in the 1st quarter. Courier Capital LLC now owns 23,802 shares of the company’s stock valued at $577,000 after purchasing an additional 2,015 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares Global REIT ETF by 231.7% during the first quarter. Farther Finance Advisors LLC now owns 4,826 shares of the company’s stock worth $117,000 after acquiring an additional 3,371 shares during the period. Simplicity Wealth LLC raised its stake in iShares Global REIT ETF by 56.0% during the first quarter. Simplicity Wealth LLC now owns 27,763 shares of the company’s stock worth $674,000 after acquiring an additional 9,962 shares during the period. Fiduciary Financial Group LLC raised its stake in iShares Global REIT ETF by 18.7% during the first quarter. Fiduciary Financial Group LLC now owns 151,972 shares of the company’s stock worth $3,410,000 after acquiring an additional 23,934 shares during the period. Finally, Alhambra Investment Management LLC raised its stake in iShares Global REIT ETF by 2.3% during the first quarter. Alhambra Investment Management LLC now owns 173,100 shares of the company’s stock worth $4,199,000 after acquiring an additional 3,945 shares during the period.

iShares Global REIT ETF Stock Down 0.5%

REET opened at $25.37 on Wednesday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $26.54. The company’s 50-day moving average price is $25.24 and its 200 day moving average price is $24.65.

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.