iShares Global REIT ETF (NYSEARCA:REET) Sets New 12-Month High – Time to Buy?

Shares of iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high on Friday . The company traded as high as $28.00 and last traded at $27.99, with a volume of 387996 shares traded. The stock had previously closed at $27.81.

iShares Global REIT ETF Trading Up 0.6%

The stock has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $26.30. The firm has a market capitalization of $4.91 billion, a P/E ratio of 29.27 and a beta of 0.93.

Hedge Funds Weigh In On iShares Global REIT ETF

A number of large investors have recently added to or reduced their stakes in the company. Modera Wealth Management LLC increased its position in iShares Global REIT ETF by 8.7% during the 4th quarter. Modera Wealth Management LLC now owns 1,299,166 shares of the company’s stock valued at $32,414,000 after buying an additional 103,954 shares in the last quarter. Brooklyn FI LLC boosted its holdings in iShares Global REIT ETF by 18.6% in the fourth quarter. Brooklyn FI LLC now owns 464,137 shares of the company’s stock worth $11,580,000 after acquiring an additional 72,854 shares in the last quarter. PDS Planning Inc boosted its holdings in iShares Global REIT ETF by 4.3% in the fourth quarter. PDS Planning Inc now owns 1,533,569 shares of the company’s stock worth $38,263,000 after acquiring an additional 62,927 shares in the last quarter. FSM Wealth Advisors LLC grew its stake in shares of iShares Global REIT ETF by 11.9% during the fourth quarter. FSM Wealth Advisors LLC now owns 537,742 shares of the company’s stock worth $13,417,000 after acquiring an additional 57,089 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its stake in shares of iShares Global REIT ETF by 276.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,390 shares of the company’s stock worth $958,000 after acquiring an additional 28,190 shares during the last quarter.

About iShares Global REIT ETF

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.