Yoffe Investment Management LLC Takes Position in iShares Global REIT ETF (NYSEARCA:REET)

Yoffe Investment Management LLC acquired a new stake in iShares Global REIT ETF (NYSEARCA:REET) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,319 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds also recently made changes to their positions in the company. Brooklyn FI LLC raised its position in shares of iShares Global REIT ETF by 6,573.1% in the fourth quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock valued at $384,369,000 after purchasing an additional 14,835,546 shares during the period. Hsbc Holdings PLC raised its position in shares of iShares Global REIT ETF by 35.2% in the fourth quarter. Hsbc Holdings PLC now owns 5,681,021 shares of the company’s stock valued at $136,174,000 after purchasing an additional 1,480,000 shares during the period. Valmark Advisers Inc. raised its position in shares of iShares Global REIT ETF by 5.5% in the fourth quarter. Valmark Advisers Inc. now owns 5,645,446 shares of the company’s stock valued at $135,321,000 after purchasing an additional 294,000 shares during the period. M&T Bank Corp raised its position in shares of iShares Global REIT ETF by 13.1% in the fourth quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock valued at $107,419,000 after purchasing an additional 520,038 shares during the period. Finally, SageView Advisory Group LLC grew its position in shares of iShares Global REIT ETF by 24.1% in the fourth quarter. SageView Advisory Group LLC now owns 2,377,760 shares of the company’s stock valued at $56,995,000 after purchasing an additional 461,046 shares during the last quarter.

iShares Global REIT ETF Trading Up 0.4%

iShares Global REIT ETF stock opened at $24.19 on Monday. iShares Global REIT ETF has a 12 month low of $20.96 and a 12 month high of $27.24. The stock’s 50 day moving average is $23.84 and its 200-day moving average is $24.40. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 26.80 and a beta of 0.99.

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.