iShares Global REIT ETF (NYSEARCA:REET) Reaches New 1-Year High – Should You Buy?

Shares of iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week high on Friday . The stock traded as high as $28.88 and last traded at $28.88, with a volume of 239330 shares traded. The stock had previously closed at $28.38.

iShares Global REIT ETF Stock Up 1.8%

The firm has a 50 day moving average of $27.65 and a two-hundred day moving average of $26.75. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 29.27 and a beta of 0.92.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of hedge funds have recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its holdings in shares of iShares Global REIT ETF by 8.7% during the 4th quarter. Modera Wealth Management LLC now owns 1,299,166 shares of the company’s stock valued at $32,414,000 after acquiring an additional 103,954 shares in the last quarter. PDS Planning Inc grew its position in iShares Global REIT ETF by 4.3% during the 4th quarter. PDS Planning Inc now owns 1,533,569 shares of the company’s stock worth $38,263,000 after acquiring an additional 62,927 shares during the last quarter. Brooklyn FI LLC increased its holdings in iShares Global REIT ETF by 18.6% in the 4th quarter. Brooklyn FI LLC now owns 464,137 shares of the company’s stock worth $11,580,000 after purchasing an additional 72,854 shares in the last quarter. FSM Wealth Advisors LLC increased its holdings in iShares Global REIT ETF by 11.9% in the 4th quarter. FSM Wealth Advisors LLC now owns 537,742 shares of the company’s stock worth $13,417,000 after purchasing an additional 57,089 shares in the last quarter. Finally, Polianta Ltd bought a new position in iShares Global REIT ETF in the fourth quarter valued at about $90,668,000.

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.