iShares Global REIT ETF (NYSEARCA:REET) Reaches New 1-Year Low – Time to Sell?

iShares Global REIT ETF (NYSEARCA:REET) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.58 and last traded at $21.61, with a volume of 151349 shares traded. The stock had previously closed at $22.62.

iShares Global REIT ETF Trading Up 6.0 %

The company’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $24.92. The stock has a market capitalization of $3.58 billion, a PE ratio of 26.39 and a beta of 1.08.

Institutional Trading of iShares Global REIT ETF

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of iShares Global REIT ETF by 391.4% during the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after acquiring an additional 1,088 shares during the period. CoreCap Advisors LLC increased its position in iShares Global REIT ETF by 15,244.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,381 shares of the company’s stock worth $33,000 after purchasing an additional 1,372 shares during the last quarter. Sava Infond d.o.o. purchased a new position in iShares Global REIT ETF during the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. acquired a new position in shares of iShares Global REIT ETF in the 4th quarter valued at $51,000. Finally, Toronto Dominion Bank acquired a new position in shares of iShares Global REIT ETF in the 4th quarter valued at $59,000.

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.