Exencial Wealth Advisors LLC Cuts Stake in iShares Global REIT ETF $REET

Exencial Wealth Advisors LLC cut its stake in iShares Global REIT ETF (NYSEARCA:REET) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,162 shares of the company’s stock after selling 6,581 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in iShares Global REIT ETF were worth $1,782,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in REET. Partners Capital Investment Group LLP raised its position in iShares Global REIT ETF by 62.5% in the first quarter. Partners Capital Investment Group LLP now owns 3,171,017 shares of the company’s stock valued at $76,929,000 after purchasing an additional 1,220,103 shares during the period. M&T Bank Corp grew its stake in shares of iShares Global REIT ETF by 9.7% during the first quarter. M&T Bank Corp now owns 4,917,036 shares of the company’s stock valued at $119,287,000 after acquiring an additional 435,670 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of iShares Global REIT ETF during the first quarter valued at about $8,127,000. Amundi grew its stake in shares of iShares Global REIT ETF by 83.3% during the first quarter. Amundi now owns 700,000 shares of the company’s stock valued at $16,597,000 after acquiring an additional 318,100 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global REIT ETF by 6.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,880,660 shares of the company’s stock valued at $118,405,000 after acquiring an additional 311,477 shares in the last quarter.

iShares Global REIT ETF Price Performance

Shares of iShares Global REIT ETF stock opened at $25.85 on Thursday. The business has a 50-day moving average of $25.39 and a 200-day moving average of $24.75. The company has a market capitalization of $4.07 billion, a PE ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a 1-year low of $20.96 and a 1-year high of $26.54.

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.