Diversified Portfolios Inc. Cuts Stock Holdings in iShares Global REIT ETF $REET

Diversified Portfolios Inc. lowered its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,791 shares of the company’s stock after selling 294,958 shares during the period. iShares Global REIT ETF accounts for approximately 1.2% of Diversified Portfolios Inc.’s portfolio, making the stock its 20th largest position. Diversified Portfolios Inc.’s holdings in iShares Global REIT ETF were worth $14,690,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of REET. NewEdge Advisors LLC increased its holdings in iShares Global REIT ETF by 23.4% in the first quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock valued at $1,142,000 after buying an additional 8,938 shares during the last quarter. Cresset Asset Management LLC increased its holdings in iShares Global REIT ETF by 4.8% in the second quarter. Cresset Asset Management LLC now owns 29,310 shares of the company’s stock valued at $724,000 after buying an additional 1,337 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in iShares Global REIT ETF by 41.1% in the second quarter. Qube Research & Technologies Ltd now owns 46,006 shares of the company’s stock valued at $1,136,000 after buying an additional 13,410 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in iShares Global REIT ETF by 10.8% in the second quarter. Peapack Gladstone Financial Corp now owns 15,092 shares of the company’s stock valued at $373,000 after buying an additional 1,466 shares during the last quarter. Finally, Betterment LLC increased its holdings in iShares Global REIT ETF by 44.1% in the second quarter. Betterment LLC now owns 15,906 shares of the company’s stock valued at $393,000 after buying an additional 4,871 shares during the last quarter.

iShares Global REIT ETF Price Performance

NYSEARCA:REET opened at $27.42 on Tuesday. The firm has a market capitalization of $4.81 billion, a PE ratio of 29.27 and a beta of 0.94. The business’s fifty day moving average price is $26.48 and its 200 day moving average price is $25.97. iShares Global REIT ETF has a 12 month low of $24.02 and a 12 month high of $27.66.

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.