Fmr LLC Grows Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Fmr LLC lifted its position in iShares Global REIT ETF (NYSEARCA:REET) by 391.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,366 shares of the company’s stock after buying an additional 1,088 shares during the quarter. Fmr LLC’s holdings in iShares Global REIT ETF were worth $36,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of REET. Valmark Advisers Inc. increased its stake in iShares Global REIT ETF by 6.5% during the 2nd quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock worth $127,717,000 after buying an additional 337,372 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global REIT ETF by 10.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock worth $107,274,000 after acquiring an additional 434,651 shares in the last quarter. Bank of Montreal Can grew its stake in shares of iShares Global REIT ETF by 4.0% in the third quarter. Bank of Montreal Can now owns 2,846,622 shares of the company’s stock worth $75,834,000 after acquiring an additional 108,254 shares in the last quarter. Heritage Investment Group Inc. increased its position in shares of iShares Global REIT ETF by 1.1% during the third quarter. Heritage Investment Group Inc. now owns 1,510,328 shares of the company’s stock worth $40,311,000 after acquiring an additional 16,103 shares during the period. Finally, PDS Planning Inc raised its stake in shares of iShares Global REIT ETF by 8.9% in the third quarter. PDS Planning Inc now owns 1,283,394 shares of the company’s stock valued at $34,254,000 after acquiring an additional 104,588 shares in the last quarter.

iShares Global REIT ETF Stock Performance

Shares of iShares Global REIT ETF stock opened at $24.10 on Thursday. The business has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $25.20. The company has a market cap of $3.67 billion, a PE ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a one year low of $21.79 and a one year high of $27.24.

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.