Sumitomo Mitsui DS Asset Management Company Ltd Acquires New Shares in iShares Global REIT ETF $REET

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of iShares Global REIT ETF (NYSEARCA:REET) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 469,306 shares of the company’s stock, valued at approximately $12,099,000.

Several other hedge funds have also recently modified their holdings of the stock. Boston Standard Wealth Management LLC purchased a new position in shares of iShares Global REIT ETF in the third quarter worth $17,813,000. Corient Private Wealth LLC grew its stake in iShares Global REIT ETF by 289.1% during the fourth quarter. Corient Private Wealth LLC now owns 331,374 shares of the company’s stock valued at $8,268,000 after acquiring an additional 246,215 shares in the last quarter. Valmark Advisers Inc. grew its stake in iShares Global REIT ETF by 3.1% during the first quarter. Valmark Advisers Inc. now owns 6,480,035 shares of the company’s stock valued at $162,973,000 after acquiring an additional 196,864 shares in the last quarter. Polianta Ltd grew its stake in iShares Global REIT ETF by 4.6% during the second quarter. Polianta Ltd now owns 4,427,000 shares of the company’s stock valued at $122,273,000 after acquiring an additional 194,000 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in iShares Global REIT ETF by 13.1% in the 1st quarter. Bank of America Corp DE now owns 857,459 shares of the company’s stock valued at $21,565,000 after acquiring an additional 99,623 shares during the last quarter.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA REET opened at $26.05 on Wednesday. The company has a market cap of $4.71 billion, a P/E ratio of 29.27 and a beta of 0.91. iShares Global REIT ETF has a 52-week low of $24.65 and a 52-week high of $29.06. The firm’s fifty day moving average is $26.76 and its two-hundred day moving average is $27.23.

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.