Mission Wealth Management LP decreased its holdings in iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,078 shares of the company’s stock after selling 3,496 shares during the quarter. Mission Wealth Management LP’s holdings in iShares Global REIT ETF were worth $413,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REET. Trust Co. of Vermont purchased a new stake in iShares Global REIT ETF in the 3rd quarter worth $26,000. UMB Bank n.a. increased its position in iShares Global REIT ETF by 22.9% in the fourth quarter. UMB Bank n.a. now owns 2,460 shares of the company’s stock worth $59,000 after purchasing an additional 459 shares during the last quarter. ORG Partners LLC bought a new position in iShares Global REIT ETF during the fourth quarter valued at $122,000. Orion Capital Management LLC purchased a new position in shares of iShares Global REIT ETF in the 3rd quarter worth $108,000. Finally, Citigroup Inc. increased its holdings in shares of iShares Global REIT ETF by 32.3% in the 3rd quarter. Citigroup Inc. now owns 8,474 shares of the company’s stock worth $179,000 after buying an additional 2,068 shares during the last quarter.
iShares Global REIT ETF Trading Up 0.8 %
Shares of NYSEARCA:REET opened at $22.68 on Friday. The company has a 50-day moving average price of $22.96 and a 200 day moving average price of $22.78. iShares Global REIT ETF has a 12 month low of $19.69 and a 12 month high of $24.65. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 18.85 and a beta of 0.91.
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.
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