iShares Global REIT ETF (NYSEARCA:REET) Stock Position Cut by Level Financial Advisors

Level Financial Advisors lessened its stake in iShares Global REIT ETF (NYSEARCA:REET) by 3.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 53,551 shares of the company’s stock after selling 1,825 shares during the quarter. Level Financial Advisors’ holdings in iShares Global REIT ETF were worth $1,268,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in shares of iShares Global REIT ETF during the 3rd quarter valued at about $26,000. Principal Securities Inc. purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter worth approximately $46,000. UMB Bank n.a. lifted its position in shares of iShares Global REIT ETF by 22.9% in the fourth quarter. UMB Bank n.a. now owns 2,460 shares of the company’s stock worth $59,000 after purchasing an additional 459 shares in the last quarter. Elevate Wealth Advisory Inc. acquired a new position in iShares Global REIT ETF in the fourth quarter worth approximately $65,000. Finally, ORG Partners LLC acquired a new position in iShares Global REIT ETF in the fourth quarter worth approximately $122,000.

iShares Global REIT ETF Price Performance

NYSEARCA:REET traded up $0.02 during mid-day trading on Thursday, reaching $23.23. The stock had a trading volume of 233,081 shares, compared to its average volume of 594,504. iShares Global REIT ETF has a fifty-two week low of $19.69 and a fifty-two week high of $24.65. The business’s 50 day moving average is $22.97 and its 200 day moving average is $23.21. The stock has a market cap of $3.54 billion, a P/E 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.