Cullen Capital Management LLC Invests $1.23 Million in iShares Global REIT ETF (NYSEARCA:REET)

Cullen Capital Management LLC acquired a new position in shares of iShares Global REIT ETF (NYSEARCA:REET) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 51,410 shares of the company’s stock, valued at approximately $1,232,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of iShares Global REIT ETF by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 725,254 shares of the company’s stock worth $17,384,000 after purchasing an additional 46,896 shares in the last quarter. Yoffe Investment Management LLC purchased a new position in iShares Global REIT ETF during the 4th quarter worth $439,000. Pitcairn Co. acquired a new position in iShares Global REIT ETF during the 4th quarter valued at about $219,000. Arete Wealth Advisors LLC raised its stake in iShares Global REIT ETF by 52.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 125,932 shares of the company’s stock valued at $3,019,000 after buying an additional 43,175 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in iShares Global REIT ETF in the fourth quarter worth about $6,969,000.

iShares Global REIT ETF Stock Performance

Shares of REET stock opened at $22.62 on Friday. iShares Global REIT ETF has a fifty-two week low of $21.79 and a fifty-two week high of $27.24. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 26.39 and a beta of 1.08. The stock’s 50-day simple moving average is $24.44 and its 200-day simple moving average is $25.02.

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.