Morton Brown Family Wealth LLC Grows Position in iShares Global REIT ETF $REET

Morton Brown Family Wealth LLC grew its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 491,027 shares of the company’s stock after acquiring an additional 19,487 shares during the quarter. iShares Global REIT ETF accounts for 3.3% of Morton Brown Family Wealth LLC’s holdings, making the stock its 10th biggest position. Morton Brown Family Wealth LLC owned approximately 0.28% of iShares Global REIT ETF worth $12,349,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in REET. State of New Jersey Common Pension Fund D acquired a new position in iShares Global REIT ETF during the fourth quarter worth $294,086,000. Valmark Advisers Inc. increased its stake in iShares Global REIT ETF by 3.9% in the 4th quarter. Valmark Advisers Inc. now owns 6,283,171 shares of the company’s stock valued at $156,765,000 after buying an additional 237,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 valued at $152,642,000 after buying an additional 692,016 shares during the last quarter. Polianta Ltd lifted its position in iShares Global REIT ETF by 16.5% during the 1st quarter. Polianta Ltd now owns 4,233,000 shares of the company’s stock worth $106,459,000 after buying an additional 599,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in iShares Global REIT ETF by 167.5% during 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 in the last quarter.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $27.81 on Friday. The firm has a 50-day moving average of $27.26 and a 200-day moving average of $26.30. iShares Global REIT ETF has a one year low of $24.28 and a one year high of $27.99. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93.

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.