Polianta Ltd Buys 599,000 Shares of iShares Global REIT ETF $REET

Polianta Ltd boosted its stake in iShares Global REIT ETF (NYSEARCA:REET) by 16.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,233,000 shares of the company’s stock after purchasing an additional 599,000 shares during the period. iShares Global REIT ETF accounts for 14.1% of Polianta Ltd’s holdings, making the stock its 3rd biggest holding. Polianta Ltd’s holdings in iShares Global REIT ETF were worth $106,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D bought a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at $294,086,000. Goldman Sachs Group Inc. increased its position in shares of iShares Global REIT ETF by 167.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock worth $86,943,000 after purchasing an additional 2,181,940 shares during the period. Jane Street Group LLC acquired a new position in iShares Global REIT ETF in the second quarter valued at about $24,090,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares Global REIT ETF by 12.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after purchasing an additional 692,016 shares in the last quarter. Finally, Quent Long Short Global Small Cap Fund LP bought a new stake in iShares Global REIT ETF during the fourth quarter worth about $12,605,000.

iShares Global REIT ETF Stock Performance

Shares of iShares Global REIT ETF stock opened at $27.06 on Friday. The company has a market cap of $4.74 billion, a PE ratio of 29.27 and a beta of 0.93. The company has a 50 day moving average of $27.18 and a 200-day moving average of $26.23. iShares Global REIT ETF has a 1-year low of $24.28 and a 1-year high of $27.99.

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.