City National Bank of Florida MSD Acquires New Position in iShares Global REIT ETF (NYSEARCA:REET)

City National Bank of Florida MSD bought a new position in iShares Global REIT ETF (NYSEARCA:REET) in the 4th quarter, HoldingsChannel reports. The fund bought 17,801 shares of the company’s stock, valued at approximately $427,000.

A number of other institutional investors have also made changes to their positions in REET. Brooklyn FI LLC grew its holdings in shares of iShares Global REIT ETF by 6,573.1% during the fourth quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock valued at $384,369,000 after purchasing an additional 14,835,546 shares during the last quarter. Hsbc Holdings PLC boosted its position in iShares Global REIT ETF by 35.2% during the 4th quarter. Hsbc Holdings PLC now owns 5,681,021 shares of the company’s stock valued at $136,174,000 after purchasing an additional 1,480,000 shares during the period. Valmark Advisers Inc. boosted its position in iShares Global REIT ETF by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 5,645,446 shares of the company’s stock valued at $135,321,000 after purchasing an additional 294,000 shares during the period. M&T Bank Corp grew its stake in iShares Global REIT ETF by 13.1% during the 4th quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock worth $107,419,000 after buying an additional 520,038 shares during the last quarter. Finally, SageView Advisory Group LLC increased its position in iShares Global REIT ETF by 24.1% in the fourth quarter. SageView Advisory Group LLC now owns 2,377,760 shares of the company’s stock worth $56,995,000 after buying an additional 461,046 shares during the period.

iShares Global REIT ETF Stock Performance

REET stock opened at $24.19 on Thursday. iShares Global REIT ETF has a 1 year low of $20.96 and a 1 year high of $27.24. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 26.80 and a beta of 0.99. The stock’s fifty day moving average is $23.86 and its two-hundred day moving average is $24.44.

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.