iShares Global REIT ETF (NYSEARCA:REET) Reaches New 12-Month High at $27.22

iShares Global REIT ETF (NYSEARCA:REET)’s stock price reached a new 52-week high on Monday . The company traded as high as $27.22 and last traded at $27.16, with a volume of 123446 shares trading hands. The stock had previously closed at $27.01.

iShares Global REIT ETF Stock Down 0.7 %

The firm has a market capitalization of $4.11 billion, a PE ratio of 19.98 and a beta of 0.92. The firm’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $23.81.

Institutional Trading of iShares Global REIT ETF

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in iShares Global REIT ETF in the 2nd quarter worth about $400,000. Cetera Investment Advisers boosted its holdings in shares of iShares Global REIT ETF by 78.5% in the second quarter. Cetera Investment Advisers now owns 598,823 shares of the company’s stock worth $13,923,000 after buying an additional 263,354 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Global REIT ETF by 10.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock valued at $107,274,000 after buying an additional 434,651 shares during the period. Silver Lake Advisory LLC purchased a new stake in iShares Global REIT ETF during the second quarter valued at approximately $269,000. Finally, Arkos Global Advisors raised its position in iShares Global REIT ETF by 2.6% in the second quarter. Arkos Global Advisors now owns 124,945 shares of the company’s stock worth $2,905,000 after acquiring an additional 3,148 shares during the period.

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.