iShares Global REIT ETF (NYSEARCA:REET) Sets New 1-Year High – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET) shares hit a new 52-week high on Wednesday . The stock traded as high as $27.75 and last traded at $27.74, with a volume of 484797 shares. The stock had previously closed at $27.47.

iShares Global REIT ETF Trading Up 0.6%

The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93. The stock’s fifty day simple moving average is $26.98 and its 200-day simple moving average is $26.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REET. Diversify Advisory Services LLC raised its position in iShares Global REIT ETF by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock valued at $254,000 after purchasing an additional 418 shares in the last quarter. MML Investors Services LLC grew its position in shares of iShares Global REIT ETF by 1.3% during 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 increased its stake in shares of iShares Global REIT ETF by 4.0% during 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 during the period. Upper Left Wealth Management LLC increased its stake in shares of iShares Global REIT ETF by 5.2% during the first quarter. Upper Left Wealth Management LLC now owns 9,509 shares of the company’s stock worth $239,000 after buying an additional 470 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in iShares Global REIT ETF by 5.4% in the third quarter. Clearstead Advisors LLC now owns 9,198 shares of the company’s stock valued at $235,000 after acquiring an additional 474 shares in the last quarter.

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.