Morris Financial Concepts Inc. Has $1.30 Million Stake in iShares Global REIT ETF (NYSEARCA:REET)

Morris Financial Concepts Inc. decreased its position in iShares Global REIT ETF (NYSEARCA:REET) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,861 shares of the company’s stock after selling 1,189 shares during the period. iShares Global REIT ETF accounts for 0.7% of Morris Financial Concepts Inc.’s portfolio, making the stock its 28th largest position. Morris Financial Concepts Inc.’s holdings in iShares Global REIT ETF were worth $1,299,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in REET. Trust Co. of Vermont acquired a new stake in shares of iShares Global REIT ETF during the third quarter worth about $26,000. Principal Securities Inc. acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth about $46,000. UMB Bank n.a. raised its position in shares of iShares Global REIT ETF by 22.9% during the fourth quarter. UMB Bank n.a. now owns 2,460 shares of the company’s stock worth $59,000 after purchasing an additional 459 shares during the period. Elevate Wealth Advisory Inc. acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth about $65,000. Finally, Orion Capital Management LLC acquired a new stake in shares of iShares Global REIT ETF during the third quarter worth about $108,000.

iShares Global REIT ETF Stock Down 0.8 %

Shares of NYSEARCA REET traded down $0.18 during midday trading on Monday, hitting $23.07. 756,482 shares of the company’s stock were exchanged, compared to its average volume of 598,033. iShares Global REIT ETF has a 12 month low of $19.69 and a 12 month high of $24.65. The company’s 50 day moving average price is $22.92 and its 200 day moving average price is $23.23. The firm has a market capitalization of $3.51 billion, a PE 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.