Diversified Portfolios Inc. Buys 55,482 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Diversified Portfolios Inc. increased its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 7.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 772,173 shares of the company’s stock after purchasing an additional 55,482 shares during the period. iShares Global REIT ETF comprises about 2.0% of Diversified Portfolios Inc.’s holdings, making the stock its 13th biggest position. Diversified Portfolios Inc.’s holdings in iShares Global REIT ETF were worth $18,509,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of iShares Global REIT ETF by 391.4% during the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after acquiring an additional 1,088 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in iShares Global REIT ETF in the third quarter worth $39,000. Heck Capital Advisors LLC purchased a new stake in iShares Global REIT ETF during the fourth quarter valued at $62,000. Trust Co. of Vermont lifted its position in iShares Global REIT ETF by 151.1% during the fourth quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after purchasing an additional 2,336 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in iShares Global REIT ETF during the third quarter valued at $135,000.

iShares Global REIT ETF Stock Up 0.2 %

iShares Global REIT ETF stock opened at $24.63 on Wednesday. The company’s 50-day moving average price is $24.33 and its 200-day moving average price is $25.32. The company has a market cap of $3.75 billion, a PE ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a twelve month low of $21.79 and a twelve month high of $27.24.

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.