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

Shares of iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high during trading on Friday . The company traded as high as $26.18 and last traded at $26.19, with a volume of 33277 shares. The stock had previously closed at $25.92.

iShares Global REIT ETF Price Performance

The firm has a market cap of $4.53 billion, a PE ratio of 29.27 and a beta of 0.99. The business has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $25.28.

Institutional Investors Weigh In On iShares Global REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D acquired a new stake in iShares Global REIT ETF during the 4th quarter valued at $294,086,000. Valmark Advisers Inc. boosted its stake in shares of 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 acquiring an additional 237,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Global REIT ETF by 8.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,425,901 shares of the company’s stock worth $138,686,000 after purchasing an additional 412,732 shares during the last quarter. Polianta Ltd purchased a new stake in shares of iShares Global REIT ETF during the fourth quarter worth about $90,668,000. Finally, SageView Advisory Group LLC raised its position in shares of iShares Global REIT ETF by 2.9% in the third quarter. SageView Advisory Group LLC now owns 3,038,299 shares of the company’s stock valued at $77,659,000 after buying an additional 86,609 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.