Sumitomo Mitsui DS Asset Management Company Ltd Decreases Stake in iShares Global REIT ETF (NYSEARCA:REET)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 955,407 shares of the company’s stock after selling 12,675 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in iShares Global REIT ETF were worth $22,901,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in iShares Global REIT ETF by 391.4% in the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after acquiring an additional 1,088 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of iShares Global REIT ETF during the 3rd quarter valued at approximately $39,000. Heck Capital Advisors LLC purchased a new position in shares of iShares Global REIT ETF during the 4th quarter valued at approximately $62,000. Trust Co. of Vermont boosted its stake in shares of iShares Global REIT ETF by 151.1% during the 4th quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after buying an additional 2,336 shares during the last quarter. Finally, Breakwater Investment Management raised its position in shares of iShares Global REIT ETF by 12.1% during the 4th quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock valued at $122,000 after acquiring an additional 551 shares in the last quarter.

iShares Global REIT ETF Trading Up 0.3 %

REET stock opened at $24.63 on Friday. The firm has a market cap of $3.75 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a 12-month low of $21.79 and a 12-month high of $27.24. The stock’s 50 day simple moving average is $24.43 and its 200 day simple moving average is $25.32.

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.