iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High – Time to Buy?

iShares Global REIT ETF (NYSEARCA:REET) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.26 and last traded at $27.25, with a volume of 1457909 shares changing hands. The stock had previously closed at $26.98.

iShares Global REIT ETF Price Performance

The firm has a market cap of $4.70 billion, a PE ratio of 29.27 and a beta of 0.99. The business has a fifty day moving average price of $25.62 and a two-hundred day moving average price of $25.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of iShares Global REIT ETF during the 4th quarter worth about $294,086,000. Polianta Ltd bought a new stake in shares of iShares Global REIT ETF in the 4th quarter valued at approximately $90,668,000. Goldman Sachs Group Inc. increased its holdings in iShares Global REIT ETF by 167.5% in the fourth 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. Jane Street Group LLC acquired a new position in iShares Global REIT ETF in the second quarter worth approximately $24,090,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in iShares Global REIT ETF by 73.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock valued at $45,912,000 after acquiring an additional 758,228 shares in the last quarter.

iShares Global REIT ETF Company 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.