iShares Global REIT ETF (NYSEARCA:REET) Sets New 12-Month High – Here’s Why

iShares Global REIT ETF (NYSEARCA:REET)’s share price reached a new 52-week high on Friday . The company traded as high as $27.50 and last traded at $27.47, with a volume of 432244 shares traded. The stock had previously closed at $27.06.

iShares Global REIT ETF Stock Performance

The firm has a market capitalization of $4.83 billion, a P/E ratio of 29.27 and a beta of 0.96. The stock’s 50 day simple moving average is $26.27 and its 200 day simple moving average is $25.66.

Hedge Funds Weigh In On iShares Global REIT ETF

Hedge funds have recently added to or reduced their stakes in the stock. First National Bank of Omaha bought a new position in iShares Global REIT ETF in the 3rd quarter worth about $544,000. Partners Capital Investment Group LLP grew its stake in iShares Global REIT ETF by 5.6% in the 3rd quarter. Partners Capital Investment Group LLP now owns 1,413,342 shares of the company’s stock worth $36,125,000 after acquiring an additional 75,310 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of iShares Global REIT ETF by 276.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,390 shares of the company’s stock valued at $958,000 after purchasing an additional 28,190 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of iShares Global REIT ETF during the third quarter valued at approximately $583,000. Finally, PDS Planning Inc boosted its stake in shares of iShares Global REIT ETF by 3.4% during the third quarter. PDS Planning Inc now owns 1,470,642 shares of the company’s stock valued at $37,590,000 after purchasing an additional 47,980 shares in 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.