Bank of America Corp DE Has $20.04 Million Stake in iShares Global REIT ETF (NYSEARCA:REET)

Bank of America Corp DE lifted its position in iShares Global REIT ETF (NYSEARCA:REET) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 835,875 shares of the company’s stock after buying an additional 36,178 shares during the quarter. Bank of America Corp DE owned about 0.55% of iShares Global REIT ETF worth $20,036,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in REET. Sava Infond d.o.o. acquired a new stake in iShares Global REIT ETF in the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. acquired a new stake in shares of iShares Global REIT ETF in the fourth quarter worth $51,000. Heck Capital Advisors LLC bought a new stake in shares of iShares Global REIT ETF during the 4th quarter worth $62,000. Trust Co. of Vermont boosted its holdings in iShares Global REIT ETF by 151.1% during the fourth quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after acquiring an additional 2,336 shares during the period. Finally, Breakwater Investment Management grew its position in shares of iShares Global REIT ETF by 12.1% in the fourth quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock valued at $122,000 after purchasing an additional 551 shares during the last quarter.

iShares Global REIT ETF Stock Performance

NYSEARCA REET opened at $24.81 on Tuesday. The stock has a 50-day simple moving average of $23.84 and a 200 day simple moving average of $24.43. iShares Global REIT ETF has a twelve month low of $20.96 and a twelve month high of $27.24. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.80 and a beta of 0.99.

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.