iShares Global REIT ETF (NYSEARCA:REET) Sees Large Volume Increase

iShares Global REIT ETF (NYSEARCA:REET) shares saw an uptick in trading volume on Thursday . 935,233 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 594,742 shares.The stock last traded at $23.07 and had previously closed at $22.92.

iShares Global REIT ETF Stock Performance

The company’s fifty day moving average is $22.92 and its two-hundred day moving average is $23.23. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92.

Institutional Investors Weigh In On iShares Global REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. DGS Capital Management LLC grew its stake in shares of iShares Global REIT ETF by 3.1% during the 4th quarter. DGS Capital Management LLC now owns 14,533 shares of the company’s stock worth $351,000 after purchasing an additional 432 shares during the period. Ballentine Partners LLC lifted its position in shares of iShares Global REIT ETF by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 10,400 shares of the company’s stock valued at $251,000 after buying an additional 454 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of iShares Global REIT ETF by 1.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 27,617 shares of the company’s stock valued at $611,000 after buying an additional 455 shares in the last quarter. UMB Bank n.a. lifted its position in shares of iShares Global REIT ETF by 22.9% during the 4th quarter. UMB Bank n.a. now owns 2,460 shares of the company’s stock valued at $59,000 after buying an additional 459 shares in the last quarter. Finally, Claro Advisors LLC lifted its position in shares of iShares Global REIT ETF by 4.8% during the 4th quarter. Claro Advisors LLC now owns 12,008 shares of the company’s stock valued at $290,000 after buying an additional 547 shares in the last quarter.

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.