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

iShares Global REIT ETF (NYSEARCA:REET) shares reached a new 52-week high during trading on Thursday . The company traded as high as $27.31 and last traded at $27.2410, with a volume of 86404 shares changing hands. The stock had previously closed at $27.13.

iShares Global REIT ETF Stock Up 0.4%

The company has a market cap of $4.74 billion, a PE ratio of 29.27 and a beta of 0.99. The stock has a 50-day moving average of $25.76 and a 200-day moving average of $25.47.

Institutional Trading of iShares Global REIT ETF

A number of large investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new position in shares of iShares Global REIT ETF during the fourth quarter worth about $294,086,000. Valmark Advisers Inc. lifted its position in iShares Global REIT ETF by 3.9% during the fourth quarter. Valmark Advisers Inc. now owns 6,283,171 shares of the company’s stock valued at $156,765,000 after purchasing an additional 237,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Global REIT ETF by 12.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock worth $152,642,000 after buying an additional 692,016 shares in the last quarter. Polianta Ltd bought a new position in shares of iShares Global REIT ETF in the 4th quarter worth $90,668,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of iShares Global REIT ETF by 167.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after buying an additional 2,181,940 shares during 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.