iShares Global REIT ETF (NYSEARCA:REET) Sets New 52-Week High – Here’s Why

Shares of iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week high during trading on Friday . The stock traded as high as $28.00 and last traded at $27.99, with a volume of 387996 shares changing hands. The stock had previously closed at $27.81.

iShares Global REIT ETF Trading Up 1.0%

The business’s 50-day simple moving average is $27.29 and its two-hundred day simple moving average is $26.31. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of institutional investors have recently modified their holdings of REET. SHP Wealth Management bought a new position in iShares Global REIT ETF during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new position in iShares Global REIT ETF in the fourth quarter valued at $26,000. Mascoma Wealth Management LLC bought a new stake in iShares Global REIT ETF during the first quarter valued at $33,000. EFG International AG bought a new stake in iShares Global REIT ETF during the fourth quarter valued at $50,000. Finally, Operose Advisors LLC boosted its position in iShares Global REIT ETF by 211.1% during the fourth 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 last quarter.

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.