Royal Bank of Canada increased its position in iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 5.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 946,879 shares of the company’s stock after acquiring an additional 44,914 shares during the period. Royal Bank of Canada’s holdings in iShares Global REIT ETF were worth $23,813,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of REET. The Manufacturers Life Insurance Company lifted its stake in iShares Global REIT ETF by 1.7% during the first quarter. The Manufacturers Life Insurance Company now owns 366,588 shares of the company’s stock valued at $9,220,000 after purchasing an additional 6,206 shares during the last quarter. Cetera Investment Advisers boosted its holdings in iShares Global REIT ETF by 6.4% during the first quarter. Cetera Investment Advisers now owns 348,928 shares of the company’s stock worth $8,776,000 after buying an additional 20,968 shares in the last quarter. Cutler Investment Counsel LLC grew its position in iShares Global REIT ETF by 2.2% in the first quarter. Cutler Investment Counsel LLC now owns 330,801 shares of the company’s stock worth $8,320,000 after buying an additional 7,160 shares during the last quarter. Gryphon Financial Partners LLC grew its position in iShares Global REIT ETF by 5.7% in the first quarter. Gryphon Financial Partners LLC now owns 30,379 shares of the company’s stock worth $764,000 after buying an additional 1,630 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in shares of iShares Global REIT ETF by 6.2% in the first quarter. Modera Wealth Management LLC now owns 1,379,901 shares of the company’s stock valued at $34,705,000 after buying an additional 80,735 shares in the last quarter.
iShares Global REIT ETF Stock Performance
Shares of NYSEARCA:REET opened at $28.38 on Thursday. iShares Global REIT ETF has a one year low of $24.53 and a one year high of $29.06. The stock has a fifty day moving average of $27.84 and a 200-day moving average of $26.94. The company has a market capitalization of $5.13 billion, a PE ratio of 29.27 and a beta of 0.92.
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.
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Want to see what other hedge funds are holding REET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Global REIT ETF (NYSEARCA:REET – Free Report).
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