iShares Global REIT ETF (NYSEARCA:REET) Reaches New 12-Month High – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high on Thursday . The stock traded as high as $26.91 and last traded at $26.77, with a volume of 2111805 shares. The stock had previously closed at $26.65.

iShares Global REIT ETF Stock Up 1.0%

The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99. The company has a 50-day moving average price of $25.42 and a 200 day moving average price of $25.34.

Institutional Trading of iShares Global REIT ETF

Several institutional investors have recently made changes to their positions in REET. State of New Jersey Common Pension Fund D purchased a new stake in iShares Global REIT ETF in the 4th quarter worth approximately $294,086,000. Polianta Ltd acquired a new stake in iShares Global REIT ETF during the fourth quarter valued at $90,668,000. Goldman Sachs Group Inc. grew its stake in iShares Global REIT ETF by 167.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after purchasing an additional 2,181,940 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of iShares Global REIT ETF in the 2nd quarter valued at approximately $24,090,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in iShares Global REIT ETF by 73.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock worth $45,912,000 after buying an additional 758,228 shares during the last quarter.

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.