Wealth Alliance LLC Has $357,000 Stake in iShares Global REIT ETF $REET

Wealth Alliance LLC reduced its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 74.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,187 shares of the company’s stock after selling 41,269 shares during the quarter. Wealth Alliance LLC’s holdings in iShares Global REIT ETF were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of New Jersey Common Pension Fund D bought a new position in iShares Global REIT ETF in the 4th quarter worth approximately $294,086,000. Valmark Advisers Inc. boosted its position in iShares Global REIT ETF by 3.1% in the 1st quarter. Valmark Advisers Inc. now owns 6,480,035 shares of the company’s stock valued at $162,973,000 after buying an additional 196,864 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Global REIT ETF by 12.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,117,917 shares of the company’s stock valued at $152,642,000 after buying an additional 692,016 shares during the last quarter. Polianta Ltd increased its stake in shares of iShares Global REIT ETF by 16.5% in the 1st quarter. Polianta Ltd now owns 4,233,000 shares of the company’s stock valued at $106,459,000 after buying an additional 599,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of iShares Global REIT ETF by 167.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,484,686 shares of the company’s stock valued at $86,943,000 after buying an additional 2,181,940 shares during the period.

iShares Global REIT ETF Price Performance

REET stock opened at $28.89 on Monday. The company has a market cap of $5.18 billion, a P/E ratio of 29.27 and a beta of 0.92. iShares Global REIT ETF has a twelve month low of $24.28 and a twelve month high of $28.95. The business has a fifty day moving average of $27.65 and a 200-day moving average of $26.76.

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.