Connecticut Wealth Management LLC Buys Shares of 17,316 iShares Global REIT ETF (NYSEARCA:REET)

Connecticut Wealth Management LLC purchased a new position in shares of iShares Global REIT ETF (NYSEARCA:REET) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 17,316 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in REET. Heritage Investment Group Inc. lifted its holdings in iShares Global REIT ETF by 1,484.2% during the 4th quarter. Heritage Investment Group Inc. now owns 1,383,756 shares of the company’s stock worth $33,459,000 after buying an additional 1,296,406 shares during the last quarter. SageView Advisory Group LLC raised its holdings in shares of iShares Global REIT ETF by 95.0% during the third quarter. SageView Advisory Group LLC now owns 1,661,866 shares of the company’s stock valued at $35,182,000 after buying an additional 809,652 shares during the last quarter. M&T Bank Corp boosted its position in shares of iShares Global REIT ETF by 12.9% during the fourth quarter. M&T Bank Corp now owns 5,123,411 shares of the company’s stock worth $123,884,000 after buying an additional 585,433 shares during the period. Lester Murray Antman dba SimplyRich bought a new position in iShares Global REIT ETF in the 4th quarter worth approximately $7,822,000. Finally, Envestnet Asset Management Inc. increased its position in iShares Global REIT ETF by 33.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,055,728 shares of the company’s stock valued at $22,350,000 after acquiring an additional 262,050 shares during the period.

iShares Global REIT ETF Price Performance

Shares of REET traded up $0.09 during trading hours on Monday, reaching $22.77. 185,426 shares of the company’s stock traded hands, compared to its average volume of 667,049. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 18.85 and a beta of 0.91. The business’s fifty day simple moving average is $22.96 and its two-hundred day simple moving average is $22.80. iShares Global REIT ETF has a twelve month low of $19.69 and a twelve month high of $24.65.

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.