Valmark Advisers Inc. Has $162.97 Million Stake in iShares Global REIT ETF $REET

Valmark Advisers Inc. raised its position in iShares Global REIT ETF (NYSEARCA:REET) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,480,035 shares of the company’s stock after buying an additional 196,864 shares during the quarter. iShares Global REIT ETF comprises about 1.9% of Valmark Advisers Inc.’s portfolio, making the stock its 13th largest position. Valmark Advisers Inc.’s holdings in iShares Global REIT ETF were worth $162,973,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of REET. SHP Wealth Management bought a new stake in shares of iShares Global REIT ETF during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Global REIT ETF during the 4th quarter worth approximately $26,000. Mascoma Wealth Management LLC bought a new position in iShares Global REIT ETF in the first quarter valued at approximately $33,000. EFG International AG bought a new position in iShares Global REIT ETF in the fourth quarter valued at approximately $50,000. Finally, Operose Advisors LLC increased its stake in iShares Global REIT ETF by 211.1% in the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after acquiring an additional 1,440 shares during the last quarter.

iShares Global REIT ETF Price Performance

REET traded up $0.06 during trading on Friday, hitting $27.81. 2,505,129 shares of the stock traded hands, compared to its average volume of 2,084,305. The business has a 50 day moving average price of $27.44 and a 200 day moving average price of $26.51. iShares Global REIT ETF has a twelve month low of $24.28 and a twelve month high of $28.26. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.

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.