Matrix Trust Co Sells 40,403 Shares of iShares Global REIT ETF $REET

Matrix Trust Co reduced its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 74.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,532 shares of the company’s stock after selling 40,403 shares during the quarter. Matrix Trust Co’s holdings in iShares Global REIT ETF were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of REET. NewEdge Advisors LLC boosted its holdings in shares of iShares Global REIT ETF by 23.4% in the first quarter. NewEdge Advisors LLC now owns 47,066 shares of the company’s stock worth $1,142,000 after acquiring an additional 8,938 shares during the period. Sumitomo Mitsui Financial Group Inc. raised its stake in shares of iShares Global REIT ETF by 4.0% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 100,850 shares of the company’s stock valued at $2,491,000 after purchasing an additional 3,843 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Global REIT ETF by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,013,169 shares of the company’s stock valued at $123,825,000 after purchasing an additional 132,509 shares during the period. Cresset Asset Management LLC lifted its holdings in iShares Global REIT ETF by 4.8% during the 2nd quarter. Cresset Asset Management LLC now owns 29,310 shares of the company’s stock worth $724,000 after purchasing an additional 1,337 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in iShares Global REIT ETF by 10.8% during the 2nd quarter. SageView Advisory Group LLC now owns 2,951,690 shares of the company’s stock worth $73,025,000 after purchasing an additional 288,303 shares in the last quarter.

iShares Global REIT ETF Stock Down 0.6%

Shares of NYSEARCA REET opened at $24.95 on Friday. The company has a market cap of $4.34 billion, a P/E ratio of 29.27 and a beta of 0.99. iShares Global REIT ETF has a 52 week low of $20.96 and a 52 week high of $27.44. The business has a 50-day simple moving average of $26.18 and a two-hundred day simple moving average of $25.61.

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.