State of New Jersey Common Pension Fund D Invests $294.09 Million in iShares Global REIT ETF $REET

State of New Jersey Common Pension Fund D purchased a new stake in iShares Global REIT ETF (NYSEARCA:REET) during the 4th quarter, HoldingsChannel reports. The fund purchased 11,787,000 shares of the company’s stock, valued at approximately $294,086,000. iShares Global REIT ETF makes up approximately 1.1% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 14th largest position. State of New Jersey Common Pension Fund D owned 0.07% of iShares Global REIT ETF at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Diversify Advisory Services LLC grew its position in shares of iShares Global REIT ETF by 4.5% during the 4th quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock worth $254,000 after purchasing an additional 418 shares in the last quarter. MML Investors Services LLC increased its stake in iShares Global REIT ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock worth $829,000 after acquiring an additional 431 shares during the period. International Private Wealth Advisors LLC lifted its position in shares of iShares Global REIT ETF by 4.0% during the 4th quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock valued at $290,000 after acquiring an additional 443 shares during the period. Castlekeep Investment Advisors LLC increased its position in shares of iShares Global REIT ETF by 5.3% in the third quarter. Castlekeep Investment Advisors LLC now owns 9,362 shares of the company’s stock worth $239,000 after purchasing an additional 471 shares during the period. Finally, Clearstead Advisors LLC raised its stake 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 purchasing an additional 474 shares in the last quarter.

iShares Global REIT ETF Trading Down 1.0%

NYSEARCA REET opened at $26.83 on Thursday. The firm’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $25.76. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 29.27 and a beta of 0.96. iShares Global REIT ETF has a 1 year low of $23.74 and a 1 year high of $27.50.

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.