iShares Global REIT ETF (NYSEARCA:REET) Sees Strong Trading Volume – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET) saw an uptick in trading volume on Tuesday . 891,723 shares changed hands during trading, an increase of 57% from the previous session’s volume of 566,364 shares.The stock last traded at $24.90 and had previously closed at $25.07.

iShares Global REIT ETF Trading Down 0.3 %

The stock has a market capitalization of $3.86 billion, a PE ratio of 28.31 and a beta of 1.07. The company has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $25.33.

Hedge Funds Weigh In On iShares Global REIT ETF

Institutional investors have recently made changes to their positions in the stock. Brooklyn FI LLC grew its stake in iShares Global REIT ETF by 4.9% in the 4th quarter. Brooklyn FI LLC now owns 236,783 shares of the company’s stock worth $5,676,000 after acquiring an additional 11,081 shares during the period. Yoffe Investment Management LLC purchased a new position in iShares Global REIT ETF during the fourth quarter worth about $439,000. Heck Capital Advisors LLC purchased a new position in iShares Global REIT ETF during the fourth quarter worth about $62,000. Castlekeep Investment Advisors LLC purchased a new position in iShares Global REIT ETF during the fourth quarter worth about $1,216,000. Finally, Toronto Dominion Bank purchased a new position in iShares Global REIT ETF during the fourth quarter worth about $59,000.

About iShares Global REIT ETF

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.