iShares Global REIT ETF (NYSEARCA:REET) Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC reduced its position in iShares Global REIT ETF (NYSEARCA:REET) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the company’s stock after selling 475 shares during the period. Phillips Financial Management LLC’s holdings in iShares Global REIT ETF were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in iShares Global REIT ETF during the 3rd quarter worth $39,000. International Assets Investment Management LLC purchased a new stake in shares of iShares Global REIT ETF in the second quarter worth about $67,000. IAG Wealth Partners LLC acquired a new stake in shares of iShares Global REIT ETF in the second quarter valued at about $92,000. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares Global REIT ETF during the 2nd quarter valued at about $104,000. Finally, Breakwater Investment Management lifted its position in iShares Global REIT ETF by 298.9% during the 2nd quarter. Breakwater Investment Management now owns 4,544 shares of the company’s stock worth $106,000 after acquiring an additional 3,405 shares in the last quarter.

iShares Global REIT ETF Stock Up 0.5 %

NYSEARCA REET opened at $25.57 on Tuesday. The stock has a market cap of $3.90 billion, a PE ratio of 19.98 and a beta of 0.92. The business has a 50 day moving average price of $26.19 and a two-hundred day moving average price of $24.76. iShares Global REIT ETF has a fifty-two week low of $21.68 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.