iShares Global REIT ETF (NYSEARCA:REET) Hits New 52-Week High – Should You Buy?

iShares Global REIT ETF (NYSEARCA:REET)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $28.15 and last traded at $28.14, with a volume of 67352 shares changing hands. The stock had previously closed at $27.85.

iShares Global REIT ETF Stock Performance

The firm has a 50-day moving average price of $27.41 and a 200-day moving average price of $26.48. The stock has a market cap of $4.91 billion, a PE ratio of 29.27 and a beta of 0.92.

Institutional Trading of iShares Global REIT ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Diversify Advisory Services LLC lifted its stake in shares of iShares Global REIT ETF by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 9,802 shares of the company’s stock worth $254,000 after buying an additional 418 shares in the last quarter. MML Investors Services LLC increased its position in shares of iShares Global REIT ETF by 1.3% during the second quarter. MML Investors Services LLC now owns 33,543 shares of the company’s stock valued at $829,000 after acquiring an additional 431 shares in the last quarter. International Private Wealth Advisors LLC increased its position in shares of iShares Global REIT ETF by 4.0% during the fourth quarter. International Private Wealth Advisors LLC now owns 11,630 shares of the company’s stock valued at $290,000 after acquiring an additional 443 shares in the last quarter. Upper Left Wealth Management LLC raised its holdings in iShares Global REIT ETF by 5.2% in the 1st quarter. Upper Left Wealth Management LLC now owns 9,509 shares of the company’s stock worth $239,000 after acquiring an additional 470 shares during the last quarter. Finally, Comerica Bank raised its holdings in iShares Global REIT ETF by 1.5% in the 3rd quarter. Comerica Bank now owns 34,498 shares of the company’s stock worth $882,000 after acquiring an additional 503 shares during the last quarter.

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.