iShares Global REIT ETF (NYSEARCA:REET) Hits New 12-Month High – What’s Next?

iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.68 and last traded at $27.61, with a volume of 143414 shares trading hands. The stock had previously closed at $27.61.

iShares Global REIT ETF Trading Down 0.1%

The company’s 50 day moving average price is $26.52 and its 200-day moving average price is $25.98. The company has a market capitalization of $4.84 billion, a PE ratio of 29.27 and a beta of 0.94.

Institutional Trading of iShares Global REIT ETF

Several institutional investors have recently made changes to their positions in REET. State of New Jersey Common Pension Fund D purchased a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at $294,086,000. Polianta Ltd purchased a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at $90,668,000. Goldman Sachs Group Inc. grew its stake in shares of iShares Global REIT ETF by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after buying an additional 2,181,940 shares during the period. Jane Street Group LLC purchased a new stake in shares of iShares Global REIT ETF during the 2nd quarter valued at $24,090,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global REIT ETF by 12.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after buying an additional 692,016 shares during the period.

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.