Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in iShares Global REIT ETF $REET

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 73.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,796,249 shares of the company’s stock after purchasing an additional 758,228 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Global REIT ETF were worth $45,912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in REET. NewEdge Advisors LLC raised its holdings in shares of iShares Global REIT ETF by 23.4% during the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock valued at $1,142,000 after buying an additional 8,938 shares in the last quarter. Jones Financial Companies Lllp grew its position in iShares Global REIT ETF by 131.0% during the first quarter. Jones Financial Companies Lllp now owns 81,705 shares of the company’s stock valued at $1,982,000 after acquiring an additional 46,341 shares during the last quarter. Focus Partners Wealth raised its stake in shares of iShares Global REIT ETF by 202.4% during the first quarter. Focus Partners Wealth now owns 234,830 shares of the company’s stock worth $5,697,000 after acquiring an additional 157,181 shares in the last quarter. Intrua Financial LLC bought a new stake in shares of iShares Global REIT ETF in the 1st quarter worth approximately $368,000. Finally, Wilshire Advisors LLC boosted its stake in shares of iShares Global REIT ETF by 16.2% in the 1st quarter. Wilshire Advisors LLC now owns 782,038 shares of the company’s stock valued at $18,972,000 after purchasing an additional 109,303 shares in the last quarter.

iShares Global REIT ETF Stock Performance

REET stock opened at $25.33 on Friday. The firm has a market cap of $4.35 billion, a P/E ratio of 29.27 and a beta of 0.99. The firm’s fifty day moving average is $25.15 and its 200 day moving average is $25.17. iShares Global REIT ETF has a 52 week low of $20.96 and a 52 week high of $26.07.

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.