Clune & Associates LTD. Invests $1.28 Million in iShares Global REIT ETF (NYSEARCA:REET)

Clune & Associates LTD. acquired a new position in shares of iShares Global REIT ETF (NYSEARCA:REET) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,274 shares of the company’s stock, valued at approximately $1,277,000.

A number of other hedge funds also recently made changes to their positions in REET. Harvest Fund Management Co. Ltd bought a new position in shares of iShares Global REIT ETF during the third quarter worth about $369,000. Diversified LLC increased its holdings in iShares Global REIT ETF by 10.8% in the third quarter. Diversified LLC now owns 76,619 shares of the company’s stock worth $2,045,000 after purchasing an additional 7,492 shares in the last quarter. Bank of Montreal Can increased its holdings in iShares Global REIT ETF by 4.0% in the third quarter. Bank of Montreal Can now owns 2,846,622 shares of the company’s stock worth $75,834,000 after purchasing an additional 108,254 shares in the last quarter. FMR LLC increased its holdings in iShares Global REIT ETF by 391.4% in the third quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after purchasing an additional 1,088 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in iShares Global REIT ETF by 157.4% in the third quarter. BNP Paribas Financial Markets now owns 516,940 shares of the company’s stock worth $13,797,000 after purchasing an additional 316,102 shares in the last quarter.

iShares Global REIT ETF Stock Performance

Shares of REET stock opened at $24.00 on Monday. The company has a market cap of $3.72 billion, a P/E ratio of 26.66 and a beta of 1.08. The stock has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $25.20. iShares Global REIT ETF has a fifty-two week low of $21.79 and a fifty-two week high of $27.24.

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.