CIBC Private Wealth Group LLC Increases Stake in iShares Global REIT ETF $REET

CIBC Private Wealth Group LLC raised its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 52.6% in the third quarter, Holdings Channel reports. The firm owned 103,843 shares of the company’s stock after acquiring an additional 35,783 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares Global REIT ETF were worth $2,654,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of REET. CIBC Bancorp USA Inc. bought a new position in shares of iShares Global REIT ETF in the third quarter worth approximately $2,654,000. Triumph Capital Management purchased a new position in iShares Global REIT ETF in the 3rd quarter worth approximately $91,000. Susquehanna International Group LLP bought a new position in iShares Global REIT ETF in the 3rd quarter valued at approximately $2,110,000. Northwestern Mutual Wealth Management Co. lifted its position in iShares Global REIT ETF by 8.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,425,901 shares of the company’s stock valued at $138,686,000 after acquiring an additional 412,732 shares in the last quarter. Finally, Mariner LLC boosted its stake in iShares Global REIT ETF by 140.1% during the 3rd quarter. Mariner LLC now owns 32,475 shares of the company’s stock valued at $830,000 after purchasing an additional 18,948 shares during the last quarter.

iShares Global REIT ETF Trading Down 3.1%

iShares Global REIT ETF stock opened at $24.96 on Friday. iShares Global REIT ETF has a 12 month low of $20.96 and a 12 month high of $27.44. The stock has a fifty day simple moving average of $26.22 and a two-hundred day simple moving average of $25.62. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99.

iShares Global REIT ETF 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.