Private Wealth Management Group LLC Cuts Holdings in iShares Global REIT ETF $REET

Private Wealth Management Group LLC cut its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,348 shares of the company’s stock after selling 1,394 shares during the quarter. Private Wealth Management Group LLC’s holdings in iShares Global REIT ETF were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in REET. Leo Wealth LLC raised its position in iShares Global REIT ETF by 2.1% in the second quarter. Leo Wealth LLC now owns 19,694 shares of the company’s stock worth $486,000 after acquiring an additional 399 shares during the period. Aurelius Family Office LLC raised its position in iShares Global REIT ETF by 0.5% in the first quarter. Aurelius Family Office LLC now owns 92,443 shares of the company’s stock worth $2,243,000 after acquiring an additional 419 shares during the period. Matrix Trust Co raised its position in iShares Global REIT ETF by 0.9% in the second quarter. Matrix Trust Co now owns 57,259 shares of the company’s stock worth $1,414,000 after acquiring an additional 510 shares during the period. Aire Advisors LLC raised its position in iShares Global REIT ETF by 4.1% in the second quarter. Aire Advisors LLC now owns 13,050 shares of the company’s stock worth $322,000 after acquiring an additional 510 shares during the period. Finally, Twelve Points Wealth Management LLC raised its position in iShares Global REIT ETF by 2.8% in the first quarter. Twelve Points Wealth Management LLC now owns 19,167 shares of the company’s stock worth $465,000 after acquiring an additional 521 shares during the period.

iShares Global REIT ETF Stock Performance

Shares of REET stock opened at $25.62 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 29.27 and a beta of 0.93. iShares Global REIT ETF has a 52 week low of $20.96 and a 52 week high of $26.54. The firm’s 50-day simple moving average is $25.33 and its two-hundred day simple moving average is $24.70.

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.