iShares Global REIT ETF (NYSEARCA:REET) Reaches New 12-Month High – Still a Buy?

iShares Global REIT ETF (NYSEARCA:REET)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $26.18 and last traded at $26.19, with a volume of 33277 shares changing hands. The stock had previously closed at $25.92.

iShares Global REIT ETF Stock Up 1.3%

The firm has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $25.29. The company has a market capitalization of $4.57 billion, a P/E ratio of 29.27 and a beta of 0.99.

Institutional Investors Weigh In On iShares Global REIT ETF

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of iShares Global REIT ETF in the fourth quarter worth $26,000. Chilton Capital Management LLC acquired a new stake in shares of iShares Global REIT ETF in the second quarter valued at about $28,000. Westfuller Advisors LLC bought a new position in shares of iShares Global REIT ETF during the third quarter worth about $58,000. CoreCap Advisors LLC lifted its stake in shares of iShares Global REIT ETF by 27,800.0% in the third quarter. CoreCap Advisors LLC now owns 2,511 shares of the company’s stock worth $64,000 after acquiring an additional 2,502 shares during the period. Finally, United Financial Planning Group LLC bought a new stake in iShares Global REIT ETF in the third quarter valued at approximately $64,000.

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.