Fifth Third Bancorp grew its stake in shares of iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 717.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,707 shares of the company’s stock after acquiring an additional 25,196 shares during the period. Fifth Third Bancorp’s holdings in iShares Global REIT ETF were worth $722,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of REET. SHP Wealth Management purchased a new position in iShares Global REIT ETF in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at $26,000. Mascoma Wealth Management LLC bought a new stake in shares of iShares Global REIT ETF in the first quarter valued at $33,000. EFG International AG purchased a new position in shares of iShares Global REIT ETF during the 4th quarter valued at $50,000. Finally, Operose Advisors LLC lifted its position in shares of iShares Global REIT ETF by 211.1% during the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after buying an additional 1,440 shares during the last quarter.
iShares Global REIT ETF Stock Performance
REET stock opened at $28.79 on Tuesday. The stock has a fifty day moving average of $27.69 and a 200-day moving average of $26.79. iShares Global REIT ETF has a fifty-two week low of $24.28 and a fifty-two week high of $28.96. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.
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.
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