Bristlecone Value Partners LLC Invests $2.85 Million in iShares Global REIT ETF $REET

Bristlecone Value Partners LLC bought a new position in iShares Global REIT ETF (NYSEARCA:REET) during the 4th quarter, Holdings Channel.com reports. The fund bought 114,190 shares of the company’s stock, valued at approximately $2,849,000. iShares Global REIT ETF makes up approximately 3.3% of Bristlecone Value Partners LLC’s holdings, making the stock its 10th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Diversify Advisory Services LLC lifted its holdings in shares of iShares Global REIT ETF by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock worth $254,000 after buying an additional 418 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of iShares Global REIT ETF by 1.3% in the second quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock worth $829,000 after buying an additional 431 shares in the last quarter. International Private Wealth Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 4.0% in the fourth quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock worth $290,000 after buying an additional 443 shares in the last quarter. Clearstead Advisors LLC raised its stake in iShares Global REIT ETF by 5.4% during the third quarter. Clearstead Advisors LLC now owns 9,198 shares of the company’s stock valued at $235,000 after purchasing an additional 474 shares in the last quarter. Finally, Comerica Bank raised its stake in iShares Global REIT ETF by 1.5% during the third quarter. Comerica Bank now owns 34,498 shares of the company’s stock valued at $882,000 after purchasing an additional 503 shares in the last quarter.

iShares Global REIT ETF Stock Up 0.8%

iShares Global REIT ETF stock opened at $27.91 on Friday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93. The firm’s fifty day moving average is $27.03 and its 200 day moving average is $26.16. iShares Global REIT ETF has a 52-week low of $24.28 and a 52-week high of $27.99.

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.