ERn Financial LLC Boosts Holdings in iShares Global REIT ETF (NYSEARCA:REET)

ERn Financial LLC lifted its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 16.2% in the first quarter, Holdings Channel reports. The firm owned 397,624 shares of the company’s stock after buying an additional 55,571 shares during the period. iShares Global REIT ETF accounts for about 1.6% of ERn Financial LLC’s investment portfolio, making the stock its 16th largest position. ERn Financial LLC’s holdings in iShares Global REIT ETF were worth $9,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of REET. Red Mountain Financial LLC acquired a new stake in iShares Global REIT ETF during the fourth quarter worth $502,000. Private Wealth Management Group LLC purchased a new stake in iShares Global REIT ETF in the 4th quarter valued at about $1,421,000. SC&H Financial Advisors Inc. lifted its position in iShares Global REIT ETF by 18.4% in the fourth quarter. SC&H Financial Advisors Inc. now owns 115,006 shares of the company’s stock valued at $2,781,000 after buying an additional 17,837 shares during the last quarter. M&T Bank Corp boosted its stake in 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. Finally, Kooman & Associates increased its position in shares of iShares Global REIT ETF by 4.0% during the fourth quarter. Kooman & Associates now owns 200,314 shares of the company’s stock valued at $4,844,000 after acquiring an additional 7,779 shares during the last quarter.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA REET traded up $0.14 during trading on Thursday, reaching $23.06. The stock had a trading volume of 1,495,614 shares, compared to its average volume of 599,350. The business’s 50-day moving average price is $22.87 and its 200-day moving average price is $23.23. iShares Global REIT ETF has a fifty-two week low of $19.69 and a fifty-two week high of $24.65. The company has a market cap of $3.51 billion, a P/E ratio of 19.98 and a beta of 0.92.

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.