PNC Financial Services Group Inc. decreased its position in shares of iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 56.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,857 shares of the company’s stock after selling 21,821 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Global REIT ETF were worth $424,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REET. SHP Wealth Management acquired a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of iShares Global REIT ETF during the fourth quarter worth approximately $26,000. Mascoma Wealth Management LLC acquired a new position in shares of iShares Global REIT ETF in the 1st quarter valued at $33,000. EFG International AG acquired a new position in shares of iShares Global REIT ETF in the 4th quarter valued at $50,000. Finally, Operose Advisors LLC increased its holdings in shares of iShares Global REIT ETF by 211.1% in the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after acquiring an additional 1,440 shares during the period.
iShares Global REIT ETF Price Performance
REET stock opened at $28.31 on Wednesday. The company has a fifty day moving average price of $27.83 and a 200 day moving average price of $26.92. iShares Global REIT ETF has a 12 month low of $24.53 and a 12 month high of $29.06. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.
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.
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