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

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high on Wednesday . The company traded as high as $27.75 and last traded at $27.74, with a volume of 484797 shares changing hands. The stock had previously closed at $27.47.

iShares Global REIT ETF Stock Performance

The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93. The firm’s 50 day moving average is $26.87 and its 200-day moving average is $26.11.

Institutional Trading of iShares Global REIT ETF

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

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.