Diversified Portfolios Inc. Raises Stake in iShares Global REIT ETF (NYSEARCA:REET)

Diversified Portfolios Inc. boosted its stake in iShares Global REIT ETF (NYSEARCA:REET) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 716,691 shares of the company’s stock after acquiring an additional 45,134 shares during the period. iShares Global REIT ETF accounts for about 2.1% of Diversified Portfolios Inc.’s holdings, making the stock its 13th biggest position. Diversified Portfolios Inc. owned about 0.47% of iShares Global REIT ETF worth $19,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in REET. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Global REIT ETF by 10.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock valued at $107,274,000 after purchasing an additional 434,651 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in iShares Global REIT ETF by 71.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 968,082 shares of the company’s stock valued at $25,838,000 after acquiring an additional 403,494 shares during the period. Nepc LLC raised its stake in iShares Global REIT ETF by 48.7% in the 1st quarter. Nepc LLC now owns 1,149,567 shares of the company’s stock valued at $27,222,000 after acquiring an additional 376,424 shares during the period. Valmark Advisers Inc. lifted its holdings in iShares Global REIT ETF by 6.5% during the second quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock valued at $127,717,000 after purchasing an additional 337,372 shares during the last quarter. Finally, Nicola Wealth Management LTD. boosted its position in iShares Global REIT ETF by 102.8% during the third quarter. Nicola Wealth Management LTD. now owns 623,300 shares of the company’s stock worth $16,636,000 after purchasing an additional 316,000 shares during the period.

iShares Global REIT ETF Stock Performance

iShares Global REIT ETF stock traded down $0.04 during mid-day trading on Thursday, reaching $25.47. The company’s stock had a trading volume of 328,374 shares, compared to its average volume of 613,076. The company has a market capitalization of $3.88 billion, a P/E ratio of 19.98 and a beta of 0.92. The firm’s fifty day moving average price is $26.22 and its two-hundred day moving average price is $24.70. iShares Global REIT ETF has a 12-month low of $21.68 and a 12-month high of $27.24.

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.