Cornerstone Financial Group LLC NE Acquires 26,809 Shares of iShares Global REIT ETF $REET

Cornerstone Financial Group LLC NE grew its holdings in iShares Global REIT ETF (NYSEARCA:REET) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,787 shares of the company’s stock after acquiring an additional 26,809 shares during the quarter. iShares Global REIT ETF accounts for approximately 2.1% of Cornerstone Financial Group LLC NE’s investment portfolio, making the stock its 17th biggest position. Cornerstone Financial Group LLC NE owned about 0.07% of iShares Global REIT ETF worth $2,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First National Bank of Omaha bought a new stake in iShares Global REIT ETF during the third quarter worth about $544,000. Modera Wealth Management LLC lifted its position in iShares Global REIT ETF by 8.7% during the fourth quarter. Modera Wealth Management LLC now owns 1,299,166 shares of the company’s stock worth $32,414,000 after purchasing an additional 103,954 shares during the period. Brooklyn FI LLC lifted its position in iShares Global REIT ETF by 18.6% during the fourth quarter. Brooklyn FI LLC now owns 464,137 shares of the company’s stock worth $11,580,000 after purchasing an additional 72,854 shares during the period. Compagnie Lombard Odier SCmA lifted its position in iShares Global REIT ETF by 276.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,390 shares of the company’s stock worth $958,000 after purchasing an additional 28,190 shares during the period. Finally, PDS Planning Inc lifted its position in iShares Global REIT ETF by 4.3% during the fourth quarter. PDS Planning Inc now owns 1,533,569 shares of the company’s stock worth $38,263,000 after purchasing an additional 62,927 shares during the period.

iShares Global REIT ETF Stock Up 2.0%

REET opened at $27.47 on Wednesday. iShares Global REIT ETF has a twelve month low of $24.28 and a twelve month high of $27.69. The company has a 50-day simple moving average of $26.87 and a 200 day simple moving average of $26.11. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93.

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.