Naples Global Advisors LLC Purchases 22,886 Shares of iShares Global REIT ETF $REET

Naples Global Advisors LLC boosted its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 8.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 310,342 shares of the company’s stock after buying an additional 22,886 shares during the period. Naples Global Advisors LLC’s holdings in iShares Global REIT ETF were worth $7,932,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of iShares Global REIT ETF during the second quarter valued at $24,090,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in iShares Global REIT ETF by 73.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,796,249 shares of the company’s stock worth $45,912,000 after acquiring an additional 758,228 shares in the last quarter. Bank of America Corp DE increased its position in iShares Global REIT ETF by 42.1% during the 2nd quarter. Bank of America Corp DE now owns 1,053,734 shares of the company’s stock valued at $26,027,000 after purchasing an additional 312,423 shares during the period. SageView Advisory Group LLC increased its position 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 valued at $73,025,000 after purchasing an additional 288,303 shares during the period. Finally, Valmark Advisers Inc. raised its holdings in shares of iShares Global REIT ETF by 3.9% in the 3rd quarter. Valmark Advisers Inc. now owns 6,045,409 shares of the company’s stock valued at $154,521,000 after purchasing an additional 228,415 shares in the last quarter.

iShares Global REIT ETF Stock Performance

NYSEARCA REET opened at $25.39 on Friday. The firm’s 50 day moving average price is $25.19 and its 200-day moving average price is $25.22. iShares Global REIT ETF has a 52-week low of $20.96 and a 52-week high of $26.07. The company has a market cap of $4.40 billion, a PE ratio of 29.27 and a beta of 0.99.

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.