iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High at $27.22

iShares Global REIT ETF (NYSEARCA:REET) shares hit a new 52-week high during trading on Monday . The company traded as high as $27.22 and last traded at $27.16, with a volume of 123446 shares traded. The stock had previously closed at $27.01.

iShares Global REIT ETF Price Performance

The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The company has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $23.76.

Institutional Trading of iShares Global REIT ETF

Hedge funds have recently bought and sold shares of the company. Valmark Advisers Inc. boosted its position in iShares Global REIT ETF by 6.5% during the 2nd quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock worth $127,717,000 after acquiring an additional 337,372 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Global REIT ETF by 10.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock worth $107,274,000 after purchasing an additional 434,651 shares during the period. Oxford Financial Group LTD. LLC grew its position in iShares Global REIT ETF by 874.8% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 2,559,808 shares of the company’s stock valued at $61,896,000 after buying an additional 2,297,209 shares in the last quarter. SageView Advisory Group LLC increased its stake in iShares Global REIT ETF by 43.1% during the 4th quarter. SageView Advisory Group LLC now owns 2,378,756 shares of the company’s stock valued at $55,449,000 after buying an additional 716,890 shares during the period. Finally, Partners Capital Investment Group LLP raised its position in shares of iShares Global REIT ETF by 0.8% during the 4th quarter. Partners Capital Investment Group LLP now owns 2,329,884 shares of the company’s stock worth $56,337,000 after buying an additional 19,244 shares in the last quarter.

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.