Hsbc Holdings PLC Raises Position in iShares Global REIT ETF (NYSEARCA:REET)

Hsbc Holdings PLC grew its stake in iShares Global REIT ETF (NYSEARCA:REET) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,681,021 shares of the company’s stock after purchasing an additional 1,480,000 shares during the period. Hsbc Holdings PLC owned approximately 3.73% of iShares Global REIT ETF worth $136,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in iShares Global REIT ETF by 391.4% in the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after purchasing an additional 1,088 shares during the period. Sava Infond d.o.o. purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. bought a new stake in shares of iShares Global REIT ETF during the 4th quarter worth approximately $51,000. Heck Capital Advisors LLC purchased a new position in iShares Global REIT ETF during the 4th quarter valued at $62,000. Finally, Trust Co. of Vermont grew its position in iShares Global REIT ETF by 151.1% in the 4th quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after acquiring an additional 2,336 shares during the last quarter.

iShares Global REIT ETF Stock Up 1.7 %

REET stock opened at $23.69 on Wednesday. iShares Global REIT ETF has a twelve month low of $20.96 and a twelve month high of $27.24. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95. The business’s fifty day simple moving average is $24.00 and its two-hundred day simple moving average is $24.67.

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.