iShares Global REIT ETF (NYSEARCA:REET) Reaches New 12-Month High – Here’s What Happened

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.30 and last traded at $28.29, with a volume of 250910 shares changing hands. The stock had previously closed at $27.94.

iShares Global REIT ETF Price Performance

The stock has a 50-day simple moving average of $27.48 and a 200-day simple moving average of $26.59. The stock has a market cap of $5.03 billion, a PE ratio of 29.27 and a beta of 0.92.

Hedge Funds Weigh In On iShares Global REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in REET. SHP Wealth Management bought a new position in iShares Global REIT ETF during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in iShares Global REIT ETF in the fourth quarter valued at $26,000. Mascoma Wealth Management LLC acquired a new position in iShares Global REIT ETF during the 1st quarter valued at about $33,000. EFG International AG acquired a new position in shares of iShares Global REIT ETF during the fourth quarter worth approximately $50,000. Finally, Operose Advisors LLC grew its stake 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 in the last quarter.

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.