ERn Financial LLC Cuts Position in iShares Global REIT ETF (NYSEARCA:REET)

ERn Financial LLC decreased its position in iShares Global REIT ETF (NYSEARCA:REET) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,130 shares of the company’s stock after selling 7,318 shares during the quarter. iShares Global REIT ETF accounts for about 1.5% of ERn Financial LLC’s holdings, making the stock its 19th biggest holding. ERn Financial LLC owned 0.28% of iShares Global REIT ETF worth $10,071,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Global REIT ETF by 10.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock valued at $107,274,000 after purchasing an additional 434,651 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in iShares Global REIT ETF by 71.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 968,082 shares of the company’s stock valued at $25,838,000 after buying an additional 403,494 shares in the last quarter. BNP Paribas Financial Markets raised its stake in iShares Global REIT ETF by 157.4% in the third quarter. BNP Paribas Financial Markets now owns 516,940 shares of the company’s stock valued at $13,797,000 after buying an additional 316,102 shares in the last quarter. Nicola Wealth Management LTD. lifted its holdings in iShares Global REIT ETF by 102.8% during the 3rd quarter. Nicola Wealth Management LTD. now owns 623,300 shares of the company’s stock worth $16,636,000 after buying an additional 316,000 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares Global REIT ETF by 78.5% during the 2nd quarter. Cetera Investment Advisers now owns 598,823 shares of the company’s stock worth $13,923,000 after acquiring an additional 263,354 shares in the last quarter.

iShares Global REIT ETF Stock Performance

REET opened at $23.68 on Thursday. iShares Global REIT ETF has a one year low of $21.79 and a one year high of $27.24. The company has a market cap of $3.61 billion, a P/E ratio of 19.98 and a beta of 0.92. The business’s 50-day simple moving average is $24.88 and its 200-day simple moving average is $25.27.

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.