iShares Global REIT ETF (NYSEARCA:REET) Sees Strong Trading Volume – What’s Next?

Shares of iShares Global REIT ETF (NYSEARCA:REET) saw unusually-strong trading volume on Tuesday . Approximately 4,217,312 shares traded hands during trading, an increase of 259% from the previous session’s volume of 1,174,293 shares.The stock last traded at $25.3650 and had previously closed at $25.40.

iShares Global REIT ETF Price Performance

The firm has a 50-day moving average of $25.39 and a 200 day moving average of $25.12. The company has a market capitalization of $3.99 billion, a PE ratio of 29.27 and a beta of 0.99.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of large investors have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC bought a new position in shares of iShares Global REIT ETF during the 2nd quarter valued at $28,000. Westfuller Advisors LLC purchased a new stake in iShares Global REIT ETF during the third quarter valued at $58,000. CoreCap Advisors LLC lifted its holdings in iShares Global REIT ETF by 27,800.0% in the third quarter. CoreCap Advisors LLC now owns 2,511 shares of the company’s stock valued at $64,000 after acquiring an additional 2,502 shares during the period. United Financial Planning Group LLC purchased a new position in iShares Global REIT ETF in the third quarter worth about $64,000. Finally, Promus Capital LLC bought a new stake in shares of iShares Global REIT ETF during the 2nd quarter valued at about $68,000.

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.