Rathbones Group PLC Sells 23,773 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Rathbones Group PLC reduced its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 49.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,320 shares of the company’s stock after selling 23,773 shares during the quarter. Rathbones Group PLC’s holdings in iShares Global REIT ETF were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REET. Brooklyn FI LLC raised its position in iShares Global REIT ETF by 6,573.1% during the fourth quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock worth $384,369,000 after acquiring an additional 14,835,546 shares in the last quarter. M&T Bank Corp raised its position in iShares Global REIT ETF by 13.1% during the fourth quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock worth $107,419,000 after acquiring an additional 520,038 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Global REIT ETF by 42.5% in the fourth quarter. LPL Financial LLC now owns 1,494,856 shares of the company’s stock valued at $35,832,000 after purchasing an additional 445,910 shares during the period. Nicola Wealth Management LTD. raised its position in shares of iShares Global REIT ETF by 57.0% in the fourth quarter. Nicola Wealth Management LTD. now owns 978,300 shares of the company’s stock valued at $23,450,000 after purchasing an additional 355,000 shares during the period. Finally, Valmark Advisers Inc. raised its position in shares of iShares Global REIT ETF by 5.5% in the fourth quarter. Valmark Advisers Inc. now owns 5,645,446 shares of the company’s stock valued at $135,321,000 after purchasing an additional 294,000 shares during the period.

iShares Global REIT ETF Price Performance

Shares of REET opened at $22.88 on Thursday. The firm has a market capitalization of $3.58 billion, a PE ratio of 26.39 and a beta of 1.08. The company’s 50-day moving average is $24.23 and its 200-day moving average is $24.87. iShares Global REIT ETF has a fifty-two week low of $20.96 and a fifty-two week high of $27.24.

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.