Sumitomo Mitsui Financial Group Inc. Boosts Holdings in iShares Global REIT ETF $REET

Sumitomo Mitsui Financial Group Inc. grew its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 100,850 shares of the company’s stock after buying an additional 3,843 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares Global REIT ETF were worth $2,491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Twelve Points Wealth Management LLC increased its stake in iShares Global REIT ETF by 5.6% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 20,235 shares of the company’s stock valued at $500,000 after buying an additional 1,068 shares during the period. AdvisorNet Financial Inc increased its holdings in iShares Global REIT ETF by 15.9% in the second quarter. AdvisorNet Financial Inc now owns 4,187 shares of the company’s stock valued at $103,000 after buying an additional 573 shares in the last quarter. Simplicity Wealth LLC increased its stake in iShares Global REIT ETF by 19.9% in the 2nd quarter. Simplicity Wealth LLC now owns 33,293 shares of the company’s stock valued at $822,000 after purchasing an additional 5,530 shares in the last quarter. Focus Partners Wealth raised its stake in shares of iShares Global REIT ETF by 202.4% during the 1st quarter. Focus Partners Wealth now owns 234,830 shares of the company’s stock worth $5,697,000 after buying an additional 157,181 shares during the last quarter. Finally, Avant Financial Advisors LLC raised its position in iShares Global REIT ETF by 4.1% during the second quarter. Avant Financial Advisors LLC now owns 26,976 shares of the company’s stock worth $666,000 after acquiring an additional 1,054 shares during the last quarter.

iShares Global REIT ETF Stock Performance

REET stock opened at $25.55 on Thursday. iShares Global REIT ETF has a 1 year low of $20.96 and a 1 year high of $26.54. The firm has a market cap of $4.03 billion, a P/E ratio of 29.27 and a beta of 0.99. The stock’s 50 day moving average price is $25.38 and its 200 day moving average price is $25.08.

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.