Diversified Portfolios Inc. Acquires 55,482 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Diversified Portfolios Inc. raised its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 772,173 shares of the company’s stock after acquiring an additional 55,482 shares during the quarter. iShares Global REIT ETF makes up 2.0% of Diversified Portfolios Inc.’s portfolio, making the stock its 13th largest holding. Diversified Portfolios Inc. owned 0.51% of iShares Global REIT ETF worth $18,509,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of REET. FMR LLC raised its stake in iShares Global REIT ETF by 391.4% during 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 stake in shares of iShares Global REIT ETF in the third quarter worth $39,000. Heck Capital Advisors LLC bought a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at $62,000. Trust Co. of Vermont lifted 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 in the last quarter. Finally, Breakwater Investment Management boosted its holdings in iShares Global REIT ETF by 12.1% in the 4th quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock worth $122,000 after buying an additional 551 shares during the period.

iShares Global REIT ETF Stock Performance

Shares of REET stock opened at $24.63 on Wednesday. The stock has a fifty day simple moving average of $24.33 and a two-hundred day simple moving average of $25.32. iShares Global REIT ETF has a 52-week low of $21.79 and a 52-week high of $27.24. The firm has a market capitalization of $3.75 billion, a PE ratio of 19.98 and a beta of 0.92.

iShares Global REIT ETF 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.