iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High – What’s Next?

Shares of iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high during trading on Friday . The company traded as high as $28.00 and last traded at $27.99, with a volume of 387996 shares traded. The stock had previously closed at $27.81.

iShares Global REIT ETF Trading Up 0.6%

The company has a market cap of $4.91 billion, a PE ratio of 29.27 and a beta of 0.93. The firm’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $26.30.

Institutional Investors Weigh In On iShares Global REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of iShares Global REIT ETF during the fourth quarter valued at $294,086,000. Valmark Advisers Inc. raised its stake in iShares Global REIT ETF by 3.1% in the 1st quarter. Valmark Advisers Inc. now owns 6,480,035 shares of the company’s stock worth $162,973,000 after acquiring an additional 196,864 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Global REIT ETF by 12.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock worth $152,642,000 after acquiring an additional 692,016 shares during the last quarter. Polianta Ltd lifted its position in iShares Global REIT ETF by 16.5% during the 1st quarter. Polianta Ltd now owns 4,233,000 shares of the company’s stock worth $106,459,000 after acquiring an additional 599,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in iShares Global REIT ETF by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after acquiring an additional 2,181,940 shares during the period.

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.