Phillips Financial Management LLC Reduces Position in iShares Global REIT ETF (NYSEARCA:REET)

Phillips Financial Management LLC lowered its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,500 shares of the company’s stock after selling 475 shares during the period. Phillips Financial Management LLC’s holdings in iShares Global REIT ETF were worth $120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REET. EverSource Wealth Advisors LLC lifted its stake in shares of iShares Global REIT ETF by 1.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 27,617 shares of the company’s stock worth $611,000 after purchasing an additional 455 shares during the period. Collective Family Office LLC increased its stake in iShares Global REIT ETF by 0.7% in the second quarter. Collective Family Office LLC now owns 81,610 shares of the company’s stock valued at $1,897,000 after purchasing an additional 547 shares during the last quarter. Corrigan Financial Inc. lifted its position in iShares Global REIT ETF by 0.3% during the third quarter. Corrigan Financial Inc. now owns 191,363 shares of the company’s stock worth $5,107,000 after buying an additional 667 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in iShares Global REIT ETF by 6.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 13,058 shares of the company’s stock worth $349,000 after buying an additional 759 shares during the last quarter. Finally, McLean Asset Management Corp boosted its stake in iShares Global REIT ETF by 3.9% in the 2nd quarter. McLean Asset Management Corp now owns 21,747 shares of the company’s stock worth $512,000 after buying an additional 825 shares during the last quarter.

iShares Global REIT ETF Price Performance

NYSEARCA REET opened at $25.57 on Tuesday. The company has a market cap of $3.90 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a 12 month low of $21.68 and a 12 month high of $27.24. The company has a 50-day moving average of $26.19 and a 200-day moving average of $24.76.

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.