Envestnet Asset Management Inc. Lowers Position in iShares Global REIT ETF (NYSEARCA:REET)

Envestnet Asset Management Inc. cut its holdings in iShares Global REIT ETF (NYSEARCA:REET) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 790,219 shares of the company’s stock after selling 11,499 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.50% of iShares Global REIT ETF worth $19,171,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. CoreCap Advisors LLC raised its holdings in iShares Global REIT ETF by 15,244.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,381 shares of the company’s stock worth $33,000 after purchasing an additional 1,372 shares in the last quarter. Sava Infond d.o.o. bought a new position in iShares Global REIT ETF in the fourth quarter worth about $40,000. Valley National Advisers Inc. bought a new position in iShares Global REIT ETF in the first quarter worth about $57,000. Toronto Dominion Bank bought a new position in iShares Global REIT ETF in the fourth quarter worth about $59,000. Finally, Heck Capital Advisors LLC bought a new position in iShares Global REIT ETF in the fourth quarter worth about $62,000.

iShares Global REIT ETF Stock Performance

Shares of iShares Global REIT ETF stock opened at $24.80 on Thursday. The company has a market capitalization of $3.92 billion, a PE ratio of 29.27 and a beta of 0.93. The company has a 50-day simple moving average of $24.71 and a two-hundred day simple moving average of $24.29. iShares Global REIT ETF has a one year low of $20.96 and a one year high of $27.24.

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.