Y Intercept Hong Kong Ltd Makes New Investment in iShares Global REIT ETF $REET

Y Intercept Hong Kong Ltd bought a new position in iShares Global REIT ETF (NYSEARCA:REET) during the third quarter, Holdings Channel.com reports. The firm bought 22,806 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds also recently modified their holdings of REET. Westfuller Advisors LLC bought a new stake in iShares Global REIT ETF during the third quarter worth $58,000. Naples Global Advisors LLC grew its stake in iShares Global REIT ETF by 8.0% in the 3rd quarter. Naples Global Advisors LLC now owns 310,342 shares of the company’s stock valued at $7,932,000 after purchasing an additional 22,886 shares during the period. BIP Wealth LLC increased its position in shares of iShares Global REIT ETF by 4.6% during the 3rd quarter. BIP Wealth LLC now owns 468,973 shares of the company’s stock valued at $11,987,000 after purchasing an additional 20,763 shares during the last quarter. Simplicity Wealth LLC raised its stake in shares of iShares Global REIT ETF by 115.5% during the 3rd quarter. Simplicity Wealth LLC now owns 71,746 shares of the company’s stock worth $1,834,000 after purchasing an additional 38,453 shares during the period. Finally, Brandywine Oak Private Wealth LLC raised its stake in shares of iShares Global REIT ETF by 4.3% during the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 651,663 shares of the company’s stock worth $16,656,000 after purchasing an additional 26,859 shares during the period.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA:REET opened at $25.61 on Wednesday. The company has a market capitalization of $4.45 billion, a P/E ratio of 29.27 and a beta of 0.99. The company’s 50-day moving average is $25.26 and its 200 day moving average is $25.27. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $26.07.

About iShares Global REIT ETF

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.