iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High – Time to Buy?

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $27.75 and last traded at $27.74, with a volume of 484797 shares changing hands. The stock had previously closed at $27.47.

iShares Global REIT ETF Stock Up 0.7%

The stock’s 50 day moving average price is $26.87 and its two-hundred day moving average price is $26.11. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SHP Wealth Management acquired a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in iShares Global REIT ETF during the fourth quarter valued at approximately $26,000. Mascoma Wealth Management LLC bought a new position in iShares Global REIT ETF during the first quarter valued at approximately $33,000. EFG International AG acquired a new stake in iShares Global REIT ETF in the fourth quarter valued at approximately $50,000. Finally, Operose Advisors LLC lifted its stake in iShares Global REIT ETF by 211.1% in the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock valued at $53,000 after acquiring an additional 1,440 shares during the last quarter.

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.