Hsbc Holdings PLC Cuts Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Hsbc Holdings PLC decreased its stake in iShares Global REIT ETF (NYSEARCA:REET) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,201,021 shares of the company’s stock after selling 840 shares during the period. Hsbc Holdings PLC’s holdings in iShares Global REIT ETF were worth $97,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in REET. Kooman & Associates increased its position in shares of iShares Global REIT ETF by 4.7% during the 2nd quarter. Kooman & Associates now owns 216,760 shares of the company’s stock valued at $5,040,000 after purchasing an additional 9,739 shares during the last quarter. Wealth Alliance boosted its stake in iShares Global REIT ETF by 1.6% in the second quarter. Wealth Alliance now owns 56,795 shares of the company’s stock worth $1,320,000 after buying an additional 911 shares in the last quarter. Renaissance Technologies LLC grew its position in iShares Global REIT ETF by 150.2% during the second quarter. Renaissance Technologies LLC now owns 22,519 shares of the company’s stock valued at $524,000 after acquiring an additional 13,519 shares during the last quarter. WealthPLAN Partners LLC grew its position in iShares Global REIT ETF by 3.7% during the second quarter. WealthPLAN Partners LLC now owns 26,659 shares of the company’s stock valued at $620,000 after acquiring an additional 955 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of iShares Global REIT ETF by 5.0% during the second quarter. Rathbones Group PLC now owns 46,426 shares of the company’s stock worth $1,079,000 after acquiring an additional 2,209 shares in the last quarter.

iShares Global REIT ETF Stock Performance

Shares of iShares Global REIT ETF stock opened at $26.89 on Thursday. iShares Global REIT ETF has a 52-week low of $19.69 and a 52-week high of $27.24. The company has a fifty day moving average of $25.34 and a 200-day moving average of $23.83. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92.

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.