iShares Global REIT ETF (NYSEARCA:REET) Hits New 12-Month High at $27.22

Shares of iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week high during trading on Monday . The stock traded as high as $27.22 and last traded at $27.16, with a volume of 123446 shares traded. The stock had previously closed at $27.01.

iShares Global REIT ETF Stock Up 0.2 %

The stock has a 50 day moving average of $25.12 and a 200 day moving average of $23.76. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92.

Hedge Funds Weigh In On iShares Global REIT ETF

Several large investors have recently added to or reduced their stakes in REET. Principal Securities Inc. bought a new position in shares of iShares Global REIT ETF in the 4th quarter worth about $46,000. Elevate Wealth Advisory Inc. acquired a new stake in iShares Global REIT ETF during the fourth quarter worth about $65,000. International Assets Investment Management LLC bought a new position in iShares Global REIT ETF in the second quarter worth about $67,000. IAG Wealth Partners LLC acquired a new position in iShares Global REIT ETF in the second quarter valued at approximately $92,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of iShares Global REIT ETF during the second quarter valued at approximately $104,000.

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.