iShares Global REIT ETF (NYSEARCA:REET) Hits New 12-Month High at $25.05

iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week high during trading on Tuesday . The company traded as high as $25.05 and last traded at $25.03, with a volume of 193793 shares traded. The stock had previously closed at $24.70.

iShares Global REIT ETF Price Performance

The company has a market cap of $3.83 billion, a P/E ratio of 19.98 and a beta of 0.92. The stock has a 50-day moving average of $23.89 and a 200 day moving average of $23.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REET. Principal Securities Inc. acquired a new stake in iShares Global REIT ETF in the fourth quarter valued at about $46,000. Elevate Wealth Advisory Inc. acquired a new stake in iShares Global REIT ETF in the fourth quarter valued at about $65,000. International Assets Investment Management LLC acquired a new stake in iShares Global REIT ETF in the second quarter valued at about $67,000. IAG Wealth Partners LLC acquired a new stake in iShares Global REIT ETF in the second quarter valued at about $92,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in iShares Global REIT ETF in the second quarter valued at about $104,000.

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.