iShares Global REIT ETF (NYSEARCA:REET – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $28.30 and last traded at $28.29, with a volume of 250910 shares trading hands. The stock had previously closed at $27.94.
iShares Global REIT ETF Stock Performance
The firm has a market capitalization of $5.05 billion, a PE ratio of 29.27 and a beta of 0.92. The stock’s 50 day simple moving average is $27.52 and its two-hundred day simple moving average is $26.63.
Hedge Funds Weigh In On iShares Global REIT ETF
Institutional investors have recently bought and sold shares of the company. Fiduciary Financial Group LLC raised its position in shares of iShares Global REIT ETF by 13.5% during the 2nd quarter. Fiduciary Financial Group LLC now owns 239,851 shares of the company’s stock valued at $6,625,000 after buying an additional 28,551 shares during the period. Prosperity Planning Inc. purchased a new stake in iShares Global REIT ETF during the second quarter worth about $201,000. Polianta Ltd lifted its holdings in iShares Global REIT ETF by 4.6% during the 2nd quarter. Polianta Ltd now owns 4,427,000 shares of the company’s stock worth $122,273,000 after buying an additional 194,000 shares in the last quarter. 55 North Private Wealth LLC raised its stake in shares of iShares Global REIT ETF by 12.7% in the second quarter. 55 North Private Wealth LLC now owns 77,981 shares of the company’s stock valued at $2,154,000 after acquiring an additional 8,760 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in iShares Global REIT ETF by 14.4% in the 2nd quarter. CoreCap Advisors LLC now owns 4,867 shares of the company’s stock valued at $134,000 after purchasing an additional 612 shares in 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.
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