Valmark Advisers Inc. Buys 228,415 Shares of iShares Global REIT ETF $REET

Valmark Advisers Inc. boosted its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,045,409 shares of the company’s stock after buying an additional 228,415 shares during the quarter. iShares Global REIT ETF makes up approximately 2.0% of Valmark Advisers Inc.’s investment portfolio, making the stock its 14th biggest holding. Valmark Advisers Inc.’s holdings in iShares Global REIT ETF were worth $154,521,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Chilton Capital Management LLC purchased a new position in iShares Global REIT ETF during the second quarter worth $28,000. CoreCap Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 27,800.0% in the 3rd quarter. CoreCap Advisors LLC now owns 2,511 shares of the company’s stock worth $64,000 after acquiring an additional 2,502 shares during the last quarter. Promus Capital LLC purchased a new position in shares of iShares Global REIT ETF during the 2nd quarter worth about $68,000. AdvisorNet Financial Inc grew its holdings in iShares Global REIT ETF by 15.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,187 shares of the company’s stock valued at $103,000 after purchasing an additional 573 shares during the last quarter. Finally, Huntington National Bank raised its position in iShares Global REIT ETF by 470,200.0% in the 2nd quarter. Huntington National Bank now owns 4,703 shares of the company’s stock worth $116,000 after purchasing an additional 4,702 shares during the period.

iShares Global REIT ETF Price Performance

Shares of NYSEARCA REET opened at $25.33 on Friday. iShares Global REIT ETF has a 1 year low of $20.96 and a 1 year high of $26.07. The firm has a 50-day simple moving average of $25.15 and a two-hundred day simple moving average of $25.17. The company has a market cap of $4.35 billion, a P/E ratio of 29.27 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.