Fifth Third Bancorp lifted its stake in iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 717.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,707 shares of the company’s stock after acquiring an additional 25,196 shares during the period. Fifth Third Bancorp’s holdings in iShares Global REIT ETF were worth $722,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of iShares Global REIT ETF by 23.4% during the 1st quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock valued at $1,142,000 after purchasing an additional 8,938 shares during the period. Cresset Asset Management LLC grew its holdings in iShares Global REIT ETF by 4.8% during the 2nd quarter. Cresset Asset Management LLC now owns 29,310 shares of the company’s stock valued at $724,000 after buying an additional 1,337 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in iShares Global REIT ETF by 41.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 46,006 shares of the company’s stock valued at $1,136,000 after buying an additional 13,410 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in iShares Global REIT ETF by 10.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 15,092 shares of the company’s stock valued at $373,000 after buying an additional 1,466 shares in the last quarter. Finally, Betterment LLC increased its position in shares of iShares Global REIT ETF by 44.1% during the second quarter. Betterment LLC now owns 15,906 shares of the company’s stock valued at $393,000 after buying an additional 4,871 shares during the period.
iShares Global REIT ETF Trading Down 0.3%
Shares of iShares Global REIT ETF stock opened at $28.79 on Tuesday. iShares Global REIT ETF has a 12-month low of $24.28 and a 12-month high of $28.96. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92. The company’s 50-day moving average price is $27.69 and its 200-day moving average price is $26.79.
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.
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