Bank of Montreal Can Cuts Stock Position in iShares Global REIT ETF $REET

Bank of Montreal Can lowered its position in iShares Global REIT ETF (NYSEARCA:REET) by 27.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,950,176 shares of the company’s stock after selling 756,418 shares during the period. Bank of Montreal Can’s holdings in iShares Global REIT ETF were worth $48,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of REET. Twelve Points Wealth Management LLC raised its stake in iShares Global REIT ETF by 5.6% in the second 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 in the last quarter. AdvisorNet Financial Inc raised its stake 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. Cambridge Investment Research Advisors Inc. raised its stake in iShares Global REIT ETF by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock valued at $547,000 after buying an additional 557 shares in the last quarter. Simplicity Wealth LLC raised its stake in iShares Global REIT ETF by 19.9% in the second quarter. Simplicity Wealth LLC now owns 33,293 shares of the company’s stock valued at $822,000 after buying an additional 5,530 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in iShares Global REIT ETF by 202.4% in the first quarter. Focus Partners Wealth now owns 234,830 shares of the company’s stock valued at $5,697,000 after buying an additional 157,181 shares in the last quarter.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $25.21 on Thursday. iShares Global REIT ETF has a 1-year low of $20.96 and a 1-year high of $26.54. The stock has a market cap of $3.97 billion, a PE ratio of 29.27 and a beta of 0.99. The stock’s fifty day moving average is $25.46 and its two-hundred day moving average is $24.96.

About iShares Global REIT ETF

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.