Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,622 shares of the company’s stock after selling 2,300 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.07% of iShares Global REIT ETF worth $2,173,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of REET. AdvisorNet Financial Inc raised its stake in iShares Global REIT ETF by 40.0% in the second quarter. AdvisorNet Financial Inc now owns 2,963 shares of the company’s stock worth $68,000 after buying an additional 847 shares in the last quarter. ZRC Wealth Management LLC purchased a new stake in iShares Global REIT ETF in the first quarter worth about $74,000. Retirement Group LLC purchased a new stake in iShares Global REIT ETF in the fourth quarter worth about $75,000. BNP Paribas Arbitrage SA purchased a new stake in iShares Global REIT ETF in the first quarter worth about $82,000. Finally, Captrust Financial Advisors grew its holdings in iShares Global REIT ETF by 74.5% in the first quarter. Captrust Financial Advisors now owns 3,412 shares of the company’s stock worth $100,000 after purchasing an additional 1,457 shares during the period.
iShares Global REIT ETF Stock Performance
Shares of REET opened at $21.79 on Monday. The stock has a market cap of $2.99 billion, a PE ratio of 18.16 and a beta of 0.93. iShares Global REIT ETF has a fifty-two week low of $19.69 and a fifty-two week high of $25.72. The firm’s 50-day simple moving average is $21.19 and its two-hundred day simple moving average is $22.34.
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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