iShares Global REIT ETF (NYSEARCA:REET) Sets New 52-Week High – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.30 and last traded at $28.29, with a volume of 250910 shares traded. The stock had previously closed at $27.94.

iShares Global REIT ETF Stock Up 1.6%

The stock has a market cap of $5.03 billion, a P/E ratio of 29.27 and a beta of 0.92. The company has a 50-day simple moving average of $27.48 and a two-hundred day simple moving average of $26.59.

Institutional Investors Weigh In On iShares Global REIT ETF

Several institutional investors have recently modified their holdings of REET. Diversify Advisory Services LLC grew its position in shares of iShares Global REIT ETF by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock valued at $254,000 after purchasing an additional 418 shares during the period. MML Investors Services LLC boosted its position in shares of iShares Global REIT ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock valued at $829,000 after acquiring an additional 431 shares during the last quarter. International Private Wealth Advisors LLC increased its stake in iShares Global REIT ETF by 4.0% during the fourth quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock worth $290,000 after acquiring an additional 443 shares during the last quarter. Upper Left Wealth Management LLC boosted its position in shares of iShares Global REIT ETF by 5.2% during the 1st quarter. Upper Left Wealth Management LLC now owns 9,509 shares of the company’s stock worth $239,000 after purchasing an additional 470 shares during the period. Finally, Comerica Bank lifted its stake in iShares Global REIT ETF by 1.5% during the 3rd quarter. Comerica Bank now owns 34,498 shares of the company’s stock worth $882,000 after acquiring an additional 503 shares in 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.