iShares Global REIT ETF (NYSEARCA:REET) Reaches New 1-Year High – Here’s Why

iShares Global REIT ETF (NYSEARCA:REET) shares hit a new 52-week high on Wednesday . The stock traded as high as $27.68 and last traded at $27.61, with a volume of 143414 shares. The stock had previously closed at $27.61.

iShares Global REIT ETF Price Performance

The firm’s 50-day simple moving average is $26.52 and its two-hundred day simple moving average is $25.98. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

Institutional Investors Weigh In On iShares Global REIT ETF

Several hedge funds have recently made changes to their positions in REET. SHP Wealth Management acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth $26,000. Mascoma Wealth Management LLC acquired a new stake in shares of iShares Global REIT ETF during the first quarter worth $33,000. EFG International AG acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth $50,000. Finally, Operose Advisors LLC boosted its holdings in shares of iShares Global REIT ETF by 211.1% during the fourth quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after purchasing an additional 1,440 shares during 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.