Larson Financial Group LLC Lowers Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Larson Financial Group LLC cut its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 7.6% during the third quarter, HoldingsChannel.com reports. The fund owned 47,819 shares of the company’s stock after selling 3,960 shares during the quarter. Larson Financial Group LLC’s holdings in iShares Global REIT ETF were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of REET. Farther Finance Advisors LLC purchased a new position in iShares Global REIT ETF during the 3rd quarter worth $39,000. Silver Lake Advisory LLC bought a new position in shares of iShares Global REIT ETF during the 2nd quarter worth $269,000. Valmark Advisers Inc. increased its stake in shares of iShares Global REIT ETF by 6.5% during the second quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock valued at $127,717,000 after buying an additional 337,372 shares during the period. Aptus Capital Advisors LLC raised its holdings in shares of iShares Global REIT ETF by 9.6% in the second quarter. Aptus Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $323,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in iShares Global REIT ETF in the second quarter worth about $104,000.

iShares Global REIT ETF Price Performance

Shares of iShares Global REIT ETF stock opened at $25.84 on Monday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The firm’s 50-day moving average is $26.10 and its two-hundred day moving average is $24.87. iShares Global REIT ETF has a 1 year low of $21.78 and a 1 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.