First Citizens Bank & Trust Co. Cuts Stock Position in iShares Global REIT ETF $REET

First Citizens Bank & Trust Co. lessened its holdings in iShares Global REIT ETF (NYSEARCA:REET) by 30.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,594 shares of the company’s stock after selling 3,841 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares Global REIT ETF were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Clune & Associates LTD. raised its stake in shares of iShares Global REIT ETF by 10.4% in the 2nd quarter. Clune & Associates LTD. now owns 64,780 shares of the company’s stock valued at $1,600,000 after acquiring an additional 6,117 shares during the period. Aire Advisors LLC raised its stake in shares of iShares Global REIT ETF by 4.1% in the 2nd quarter. Aire Advisors LLC now owns 13,050 shares of the company’s stock valued at $322,000 after acquiring an additional 510 shares during the period. Cutler Investment Counsel LLC raised its stake in shares of iShares Global REIT ETF by 9.8% in the 2nd quarter. Cutler Investment Counsel LLC now owns 272,096 shares of the company’s stock valued at $6,721,000 after acquiring an additional 24,288 shares during the period. PDS Planning Inc raised its stake in shares of iShares Global REIT ETF by 4.6% in the 2nd quarter. PDS Planning Inc now owns 1,422,662 shares of the company’s stock valued at $35,140,000 after acquiring an additional 63,137 shares during the period. Finally, Brandywine Oak Private Wealth LLC raised its stake in shares of iShares Global REIT ETF by 2.0% in the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 624,804 shares of the company’s stock valued at $15,433,000 after acquiring an additional 12,425 shares during the period.

iShares Global REIT ETF Trading Up 0.3%

Shares of REET stock opened at $26.02 on Tuesday. iShares Global REIT ETF has a 52 week low of $20.96 and a 52 week high of $26.54. The company has a market cap of $4.10 billion, a PE ratio of 29.27 and a beta of 0.99. The company’s fifty day simple moving average is $25.46 and its 200-day simple moving average is $24.86.

iShares Global REIT ETF 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.