Envestnet Portfolio Solutions Inc. Sells 2,776 Shares of iShares Global REIT ETF $REET

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,763 shares of the company’s stock after selling 2,776 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares Global REIT ETF were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. bought a new position in shares of iShares Global REIT ETF during the 1st quarter worth about $57,000. AdvisorNet Financial Inc lifted its stake in iShares Global REIT ETF by 15.9% during the second quarter. AdvisorNet Financial Inc now owns 4,187 shares of the company’s stock worth $103,000 after purchasing an additional 573 shares during the period. Tacita Capital Inc lifted its stake in iShares Global REIT ETF by 41.1% during the first quarter. Tacita Capital Inc now owns 4,262 shares of the company’s stock worth $103,000 after purchasing an additional 1,242 shares during the period. SouthState Corp acquired a new stake in iShares Global REIT ETF during the first quarter valued at approximately $140,000. Finally, Fifth Third Bancorp bought a new stake in shares of iShares Global REIT ETF in the 2nd quarter valued at approximately $146,000.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $25.93 on Friday. The business has a 50 day simple moving average of $25.43 and a 200 day simple moving average of $24.80. The company has a market capitalization of $4.09 billion, a PE ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a one year low of $20.96 and a one year high of $26.54.

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.