Cornerstone Financial Group LLC NE Purchases 26,809 Shares of iShares Global REIT ETF $REET

Cornerstone Financial Group LLC NE raised its stake in iShares Global REIT ETF (NYSEARCA:REET) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,787 shares of the company’s stock after acquiring an additional 26,809 shares during the quarter. iShares Global REIT ETF makes up approximately 2.1% of Cornerstone Financial Group LLC NE’s investment portfolio, making the stock its 17th largest position. Cornerstone Financial Group LLC NE’s holdings in iShares Global REIT ETF were worth $2,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cooper Haims Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 5.2% in the fourth quarter. Cooper Haims Advisors LLC now owns 562,760 shares of the company’s stock worth $14,041,000 after acquiring an additional 27,926 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Global REIT ETF by 4.3% in the fourth quarter. LPL Financial LLC now owns 1,777,264 shares of the company’s stock worth $44,343,000 after acquiring an additional 72,853 shares during the last quarter. Comprehensive Wealth Management LLC lifted its holdings in shares of iShares Global REIT ETF by 16.9% in the fourth quarter. Comprehensive Wealth Management LLC now owns 41,633 shares of the company’s stock worth $1,039,000 after acquiring an additional 6,010 shares during the last quarter. Greenspring Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 184.8% in the fourth quarter. Greenspring Advisors LLC now owns 131,407 shares of the company’s stock worth $3,279,000 after acquiring an additional 85,273 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of iShares Global REIT ETF by 167.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after acquiring an additional 2,181,940 shares during the last quarter.

iShares Global REIT ETF Trading Up 2.0%

REET stock opened at $27.47 on Wednesday. The stock has a market capitalization of $4.82 billion, a P/E ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a 12 month low of $24.28 and a 12 month high of $27.69. The firm has a 50-day moving average price of $26.87 and a 200-day moving average price of $26.11.

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.