iShares Global REIT ETF (NYSEARCA:REET) Reaches New 52-Week High at $27.22

iShares Global REIT ETF (NYSEARCA:REET) reached a new 52-week high on Monday . The stock traded as high as $27.22 and last traded at $27.16, with a volume of 123446 shares changing hands. The stock had previously closed at $27.01.

iShares Global REIT ETF Stock Down 0.7 %

The company has a fifty day simple moving average of $25.27 and a 200-day simple moving average of $23.81. The firm has a market cap of $4.11 billion, a P/E ratio of 19.98 and a beta of 0.92.

Institutional Investors Weigh In On iShares Global REIT ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REET. Principal Securities Inc. bought a new stake in iShares Global REIT ETF in the 4th quarter worth approximately $46,000. Elevate Wealth Advisory Inc. purchased a new stake in iShares Global REIT ETF during the fourth quarter valued at approximately $65,000. International Assets Investment Management LLC bought a new stake in shares of iShares Global REIT ETF in the 2nd quarter valued at approximately $67,000. IAG Wealth Partners LLC purchased a new position in shares of iShares Global REIT ETF in the 2nd quarter worth approximately $92,000. Finally, Cullen Frost Bankers Inc. bought a new stake in iShares Global REIT ETF in the second quarter worth $104,000.

iShares Global REIT ETF Company 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.