Fiduciary Financial Group LLC Makes New $2.92 Million Investment in iShares Global REIT ETF (NYSEARCA:REET)

Fiduciary Financial Group LLC bought a new position in iShares Global REIT ETF (NYSEARCA:REET) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 118,627 shares of the company’s stock, valued at approximately $2,921,000.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in iShares Global REIT ETF in the 4th quarter worth about $46,000. Elevate Wealth Advisory Inc. bought a new position in iShares Global REIT ETF in the 4th quarter worth about $65,000. IAG Wealth Partners LLC bought a new position in iShares Global REIT ETF in the 2nd quarter worth about $92,000. SYM FINANCIAL Corp bought a new position in iShares Global REIT ETF in the 1st quarter worth about $111,000. Finally, ORG Partners LLC bought a new stake in shares of iShares Global REIT ETF during the 2nd quarter valued at about $117,000.

iShares Global REIT ETF Trading Down 0.1 %

Shares of REET traded down $0.03 during trading hours on Friday, reaching $25.13. 223,911 shares of the company’s stock traded hands, compared to its average volume of 598,347. The stock has a market cap of $3.83 billion, a PE ratio of 19.98 and a beta of 0.92. The firm’s 50 day simple moving average is $23.89 and its 200-day simple moving average is $23.33. iShares Global REIT ETF has a 12 month low of $19.69 and a 12 month high of $25.26.

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.