HighTower Advisors LLC Sells 234,441 Shares of iShares Global REIT ETF (NYSEARCA:REET)

HighTower Advisors LLC reduced its stake in iShares Global REIT ETF (NYSEARCA:REET) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,290,038 shares of the company’s stock after selling 234,441 shares during the quarter. HighTower Advisors LLC owned about 0.85% of iShares Global REIT ETF worth $30,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Simplicity Wealth LLC boosted its position in shares of iShares Global REIT ETF by 11.4% in the 4th quarter. Simplicity Wealth LLC now owns 17,801 shares of the company’s stock worth $427,000 after purchasing an additional 1,825 shares in the last quarter. Amundi boosted its position in shares of iShares Global REIT ETF by 8.5% in the 4th quarter. Amundi now owns 381,900 shares of the company’s stock worth $9,059,000 after purchasing an additional 30,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares Global REIT ETF by 2.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,769 shares of the company’s stock worth $402,000 after purchasing an additional 435 shares in the last quarter. Callan Family Office LLC boosted its position in shares of iShares Global REIT ETF by 12.9% in the 4th quarter. Callan Family Office LLC now owns 119,032 shares of the company’s stock worth $2,853,000 after purchasing an additional 13,604 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares Global REIT ETF in the 4th quarter worth approximately $2,155,000.

iShares Global REIT ETF Stock Up 1.6 %

Shares of NYSEARCA REET opened at $24.20 on Friday. iShares Global REIT ETF has a twelve month low of $21.79 and a twelve month high of $27.24. The firm has a market cap of $3.75 billion, a P/E ratio of 26.66 and a beta of 1.08. The company has a 50 day moving average of $24.37 and a 200 day moving average of $25.27.

About iShares Global REIT ETF

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.