Great Lakes Advisors LLC Has $4.66 Million Position in iShares Global REIT ETF (NYSEARCA:REET)

Great Lakes Advisors LLC decreased its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 12.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,939 shares of the company’s stock after selling 30,146 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.15% of iShares Global REIT ETF worth $4,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REET. BlackRock Inc. grew its position in shares of iShares Global REIT ETF by 1.4% in the first quarter. BlackRock Inc. now owns 7,656,228 shares of the company’s stock valued at $175,557,000 after purchasing an additional 104,695 shares during the last quarter. Morgan Stanley grew its holdings in iShares Global REIT ETF by 4.2% in the 4th quarter. Morgan Stanley now owns 5,176,660 shares of the company’s stock valued at $117,562,000 after buying an additional 207,716 shares in the last quarter. Valmark Advisers Inc. bought a new position in iShares Global REIT ETF during the 2nd quarter worth $113,245,000. M&T Bank Corp lifted its holdings in shares of iShares Global REIT ETF by 4.4% during the first quarter. M&T Bank Corp now owns 4,170,691 shares of the company’s stock worth $95,634,000 after buying an additional 176,992 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of iShares Global REIT ETF in the second quarter valued at about $63,372,000.

iShares Global REIT ETF Stock Performance

NYSEARCA:REET opened at $21.96 on Tuesday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 18.16 and a beta of 0.93. iShares Global REIT ETF has a 52 week low of $19.69 and a 52 week high of $25.72. The firm’s 50-day simple moving average is $21.18 and its 200 day simple moving average is $22.33.

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.