iShares Global REIT ETF (NYSEARCA:REET) Shares Sold by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. decreased its position in iShares Global REIT ETF (NYSEARCA:REET) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 50,156 shares of the company’s stock after selling 5,472 shares during the quarter. Morris Financial Concepts Inc.’s holdings in iShares Global REIT ETF were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in REET. Bank of Montreal Can raised its position in iShares Global REIT ETF by 4.0% during the third quarter. Bank of Montreal Can now owns 2,846,622 shares of the company’s stock worth $75,834,000 after acquiring an additional 108,254 shares during the last quarter. Heritage Investment Group Inc. raised its position in shares of iShares Global REIT ETF by 1.1% during the 3rd quarter. Heritage Investment Group Inc. now owns 1,510,328 shares of the company’s stock worth $40,311,000 after purchasing an additional 16,103 shares during the last quarter. PDS Planning Inc raised its position in shares of iShares Global REIT ETF by 8.9% during the 3rd quarter. PDS Planning Inc now owns 1,283,394 shares of the company’s stock worth $34,254,000 after purchasing an additional 104,588 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in iShares Global REIT ETF by 71.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 968,082 shares of the company’s stock valued at $25,838,000 after buying an additional 403,494 shares in the last quarter. Finally, Diversified Portfolios Inc. grew its holdings in iShares Global REIT ETF by 7.7% during the 4th quarter. Diversified Portfolios Inc. now owns 772,173 shares of the company’s stock valued at $18,509,000 after buying an additional 55,482 shares during the last quarter.

iShares Global REIT ETF Stock Down 0.6 %

NYSEARCA REET opened at $24.49 on Thursday. iShares Global REIT ETF has a fifty-two week low of $21.79 and a fifty-two week high of $27.24. The business has a fifty day moving average of $24.31 and a 200-day moving average of $25.33. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92.

iShares Global REIT ETF 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.