iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High – Here’s What Happened

iShares Global REIT ETF (NYSEARCA:REET)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $27.26 and last traded at $27.25, with a volume of 1457909 shares. The stock had previously closed at $26.98.

iShares Global REIT ETF Stock Performance

The company’s fifty day moving average price is $25.51 and its 200 day moving average price is $25.38. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99.

Institutional Trading of iShares Global REIT ETF

Hedge funds have recently made changes to their positions in the stock. Regatta Capital Group LLC increased its position in iShares Global REIT ETF by 3.9% in the third quarter. Regatta Capital Group LLC now owns 10,625 shares of the company’s stock worth $272,000 after buying an additional 395 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of iShares Global REIT ETF by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock worth $254,000 after acquiring an additional 418 shares during the period. MML Investors Services LLC increased its holdings in shares of iShares Global REIT ETF by 1.3% in 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 iShares Global REIT ETF by 4.0% in the 4th quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock valued at $290,000 after purchasing an additional 443 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC boosted its stake in iShares Global REIT ETF by 5.3% during the 3rd quarter. Castlekeep Investment Advisors LLC now owns 9,362 shares of the company’s stock valued at $239,000 after purchasing an additional 471 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.