PDS Planning Inc Purchases 38,977 Shares of iShares Global REIT ETF (NYSEARCA:REET)

PDS Planning Inc lifted its position in iShares Global REIT ETF (NYSEARCA:REET) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,359,525 shares of the company’s stock after acquiring an additional 38,977 shares during the quarter. iShares Global REIT ETF makes up about 2.8% of PDS Planning Inc’s holdings, making the stock its 10th biggest holding. PDS Planning Inc owned 0.86% of iShares Global REIT ETF worth $32,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn FI LLC boosted its stake in shares of iShares Global REIT ETF by 6,573.1% during the 4th quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock valued at $384,369,000 after buying an additional 14,835,546 shares during the period. Valmark Advisers Inc. raised its holdings in shares of iShares Global REIT ETF by 1.2% during the first quarter. Valmark Advisers Inc. now owns 5,714,409 shares of the company’s stock worth $138,632,000 after acquiring an additional 68,963 shares in the last quarter. Hsbc Holdings PLC boosted its position in iShares Global REIT ETF by 35.2% during the fourth quarter. Hsbc Holdings PLC now owns 5,681,021 shares of the company’s stock valued at $136,174,000 after purchasing an additional 1,480,000 shares during the last quarter. M&T Bank Corp grew its stake in shares of iShares Global REIT ETF by 13.1% in the 4th quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock valued at $107,419,000 after buying an additional 520,038 shares in the last quarter. Finally, SageView Advisory Group LLC raised its holdings in shares of iShares Global REIT ETF by 24.1% during the 4th quarter. SageView Advisory Group LLC now owns 2,377,760 shares of the company’s stock valued at $56,995,000 after purchasing an additional 461,046 shares in the last quarter.

iShares Global REIT ETF Stock Performance

Shares of REET stock opened at $24.55 on Thursday. The stock’s 50 day simple moving average is $24.49 and its 200 day simple moving average is $24.26. iShares Global REIT ETF has a twelve month low of $20.96 and a twelve month high of $27.24. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 29.11 and a beta of 0.99.

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.