The Manufacturers Life Insurance Company Has $15.63 Million Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

The Manufacturers Life Insurance Company trimmed its position in iShares Global REIT ETF (NYSEARCA:REET) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 585,647 shares of the company’s stock after selling 64,312 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.38% of iShares Global REIT ETF worth $15,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REET. Valmark Advisers Inc. boosted its holdings in iShares Global REIT ETF by 6.5% during the second quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock worth $127,717,000 after buying an additional 337,372 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Global REIT ETF by 10.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock worth $107,274,000 after acquiring an additional 434,651 shares during the last quarter. Bank of Montreal Can boosted its stake in iShares Global REIT ETF by 4.0% during the 3rd quarter. Bank of Montreal Can now owns 2,846,622 shares of the company’s stock worth $75,834,000 after acquiring an additional 108,254 shares during the last quarter. Heritage Investment Group Inc. increased its stake in iShares Global REIT ETF by 1.1% in the third quarter. Heritage Investment Group Inc. now owns 1,510,328 shares of the company’s stock valued at $40,311,000 after purchasing an additional 16,103 shares in the last quarter. Finally, PDS Planning Inc raised its holdings in iShares Global REIT ETF by 8.9% in the third quarter. PDS Planning Inc now owns 1,283,394 shares of the company’s stock worth $34,254,000 after purchasing an additional 104,588 shares during the period.

iShares Global REIT ETF Stock Down 0.4 %

Shares of REET stock opened at $26.31 on Monday. iShares Global REIT ETF has a 12-month low of $21.79 and a 12-month high of $27.24. The firm has a fifty day moving average of $26.03 and a 200-day moving average of $24.98. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92.

iShares Global REIT ETF 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.