177,519 Shares in iShares Global REIT ETF (NYSEARCA:REET) Bought by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in iShares Global REIT ETF (NYSEARCA:REET) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 177,519 shares of the company’s stock, valued at approximately $4,255,000.

Several other institutional investors and hedge funds also recently made changes to their positions in REET. Nwam LLC bought a new stake in shares of iShares Global REIT ETF in the 4th quarter valued at $643,000. IFP Advisors Inc boosted its position in iShares Global REIT ETF by 39.3% during the fourth quarter. IFP Advisors Inc now owns 18,562 shares of the company’s stock valued at $445,000 after acquiring an additional 5,235 shares during the last quarter. Wealthspire Advisors LLC boosted its position in iShares Global REIT ETF by 4.0% during the fourth quarter. Wealthspire Advisors LLC now owns 196,779 shares of the company’s stock valued at $4,717,000 after acquiring an additional 7,576 shares during the last quarter. Kooman & Associates grew its holdings in iShares Global REIT ETF by 4.4% during the 4th quarter. Kooman & Associates now owns 234,848 shares of the company’s stock worth $5,629,000 after acquiring an additional 9,841 shares during the period. Finally, Wealth Management Nebraska bought a new position in shares of iShares Global REIT ETF in the 4th quarter worth about $295,000.

iShares Global REIT ETF Price Performance

Shares of NYSEARCA:REET opened at $24.99 on Friday. iShares Global REIT ETF has a 1 year low of $21.79 and a 1 year high of $27.24. The business’s 50-day moving average is $24.27 and its 200-day moving average is $25.33. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 28.31 and a beta of 1.07.

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.