Northwestern Mutual Wealth Management Co. Raises Position in iShares Global REIT ETF $REET

Northwestern Mutual Wealth Management Co. boosted its position in iShares Global REIT ETF (NYSEARCA:REET) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,013,169 shares of the company’s stock after purchasing an additional 132,509 shares during the period. Northwestern Mutual Wealth Management Co. owned about 3.17% of iShares Global REIT ETF worth $123,825,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Partners Capital Investment Group LLP grew its stake in shares of iShares Global REIT ETF by 62.5% during the 1st quarter. Partners Capital Investment Group LLP now owns 3,171,017 shares of the company’s stock worth $76,929,000 after acquiring an additional 1,220,103 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in shares of iShares Global REIT ETF in the first quarter worth about $8,127,000. Amundi raised its position in shares of iShares Global REIT ETF by 83.3% in the first quarter. Amundi now owns 700,000 shares of the company’s stock valued at $16,597,000 after purchasing an additional 318,100 shares during the period. SageView Advisory Group LLC lifted its stake in shares of iShares Global REIT ETF by 12.0% during the 1st quarter. SageView Advisory Group LLC now owns 2,663,387 shares of the company’s stock valued at $64,614,000 after buying an additional 285,627 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in shares of iShares Global REIT ETF by 9.2% during the 2nd quarter. Savant Capital LLC now owns 2,624,235 shares of the company’s stock valued at $64,819,000 after buying an additional 221,576 shares in the last quarter.

iShares Global REIT ETF Trading Up 0.6%

iShares Global REIT ETF stock opened at $25.55 on Friday. 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 capitalization of $4.03 billion, a price-to-earnings ratio of 29.27 and a beta of 0.99. The firm has a 50 day simple moving average of $25.38 and a 200 day simple moving average of $25.08.

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.