First Interstate Bank Cuts Stock Position in iShares Global REIT ETF (NYSEARCA:REET)

First Interstate Bank decreased its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,066 shares of the company’s stock after selling 2,519 shares during the quarter. First Interstate Bank’s holdings in iShares Global REIT ETF were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of REET. Brooklyn FI LLC increased its stake in iShares Global REIT ETF by 46.8% during the second quarter. Brooklyn FI LLC now owns 212,345 shares of the company’s stock worth $4,937,000 after acquiring an additional 67,677 shares during the last quarter. Great Lakes Advisors LLC increased its position in shares of iShares Global REIT ETF by 2.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 193,076 shares of the company’s stock valued at $4,489,000 after purchasing an additional 4,912 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in iShares Global REIT ETF during the 2nd quarter valued at $104,000. Valmark Advisers Inc. lifted its position in iShares Global REIT ETF by 6.5% in the second quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock worth $127,717,000 after buying an additional 337,372 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in iShares Global REIT ETF by 9.6% during the second quarter. Aptus Capital Advisors LLC now owns 13,900 shares of the company’s stock worth $323,000 after buying an additional 1,221 shares during the period.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $26.30 on Tuesday. The firm has a market capitalization of $4.01 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a 1-year low of $19.69 and a 1-year high of $26.36. The company’s 50-day moving average is $24.84 and its 200 day moving average is $23.66.

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.