iShares Global REIT ETF (NYSEARCA:REET) Sets New 52-Week High – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.88 and last traded at $28.88, with a volume of 239330 shares. The stock had previously closed at $28.38.

iShares Global REIT ETF Trading Up 1.9%

The company has a market cap of $5.18 billion, a P/E ratio of 29.27 and a beta of 0.92. The business’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $26.73.

Institutional Trading of iShares Global REIT ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new position in shares of iShares Global REIT ETF in the fourth quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth about $26,000. Mascoma Wealth Management LLC purchased a new stake in iShares Global REIT ETF in the first quarter valued at approximately $33,000. EFG International AG purchased a new stake in iShares Global REIT ETF in the fourth quarter valued at approximately $50,000. Finally, Operose Advisors LLC increased its holdings in iShares Global REIT ETF by 211.1% in the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after buying an additional 1,440 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.