Bristlecone Value Partners LLC Makes New Investment in iShares Global REIT ETF $REET

Bristlecone Value Partners LLC purchased a new position in iShares Global REIT ETF (NYSEARCA:REET) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 114,190 shares of the company’s stock, valued at approximately $2,849,000. iShares Global REIT ETF accounts for 3.3% of Bristlecone Value Partners LLC’s investment portfolio, making the stock its 10th biggest position. Bristlecone Value Partners LLC owned approximately 0.07% of iShares Global REIT ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of REET. International Assets Investment Management LLC bought a new position in shares of iShares Global REIT ETF in the fourth quarter worth approximately $26,000. Operose Advisors LLC boosted its position in shares of iShares Global REIT ETF by 211.1% in the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after purchasing an additional 1,440 shares during the period. United Financial Planning Group LLC purchased a new position in shares of iShares Global REIT ETF in the third quarter worth $64,000. CoreCap Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 37.7% in the fourth quarter. CoreCap Advisors LLC now owns 3,457 shares of the company’s stock worth $86,000 after buying an additional 946 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in shares of iShares Global REIT ETF in the third quarter worth $91,000.

iShares Global REIT ETF Stock Performance

REET stock opened at $27.91 on Friday. iShares Global REIT ETF has a one year low of $24.28 and a one year high of $27.99. The company’s fifty day moving average price is $27.03 and its 200-day moving average price is $26.16. The company has a market capitalization of $4.89 billion, a PE ratio of 29.27 and a beta of 0.93.

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.