iShares Global REIT ETF (NYSEARCA:REET) Hits New 12-Month High – Here’s What Happened

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high on Friday . The company traded as high as $27.50 and last traded at $27.47, with a volume of 432244 shares traded. The stock had previously closed at $27.06.

iShares Global REIT ETF Trading Up 1.4%

The company has a market capitalization of $4.83 billion, a PE ratio of 29.27 and a beta of 0.96. The stock’s 50-day moving average is $26.27 and its two-hundred day moving average is $25.66.

Institutional Trading of iShares Global REIT ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Upper Left Wealth Management LLC raised its position in iShares Global REIT ETF by 5.2% in the 1st quarter. Upper Left Wealth Management LLC now owns 9,509 shares of the company’s stock worth $239,000 after purchasing an additional 470 shares during the period. Polianta Ltd raised its position in iShares Global REIT ETF by 16.5% in the 1st quarter. Polianta Ltd now owns 4,233,000 shares of the company’s stock worth $106,459,000 after purchasing an additional 599,000 shares during the period. World Investment Advisors raised its position in iShares Global REIT ETF by 1.8% in the 4th quarter. World Investment Advisors now owns 320,454 shares of the company’s stock worth $7,995,000 after purchasing an additional 5,725 shares during the period. Corient Private Wealth LLC raised its position in iShares Global REIT ETF by 289.1% in the 4th quarter. Corient Private Wealth LLC now owns 331,374 shares of the company’s stock worth $8,268,000 after purchasing an additional 246,215 shares during the period. Finally, SHP Wealth Management purchased a new stake in iShares Global REIT ETF in the 4th quarter worth about $25,000.

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.