FSM Wealth Advisors LLC bought a new position in shares of iShares Global REIT ETF (NYSEARCA:REET – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 245,368 shares of the company’s stock, valued at approximately $6,549,000. iShares Global REIT ETF makes up approximately 1.7% of FSM Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position.
A number of other hedge funds have also made changes to their positions in REET. Farther Finance Advisors LLC acquired a new stake in shares of iShares Global REIT ETF during the 3rd quarter worth about $39,000. International Assets Investment Management LLC acquired a new stake in iShares Global REIT ETF in the 2nd quarter valued at about $67,000. IAG Wealth Partners LLC acquired a new stake in iShares Global REIT ETF in the 2nd quarter valued at about $92,000. Cullen Frost Bankers Inc. acquired a new stake in iShares Global REIT ETF in the 2nd quarter valued at about $104,000. Finally, Breakwater Investment Management increased its position in iShares Global REIT ETF by 298.9% in the 2nd quarter. Breakwater Investment Management now owns 4,544 shares of the company’s stock valued at $106,000 after acquiring an additional 3,405 shares in the last quarter.
iShares Global REIT ETF Trading Up 0.9 %
REET opened at $25.51 on Tuesday. The stock has a market capitalization of $3.89 billion, a PE ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a 1-year low of $20.68 and a 1-year high of $27.24. The firm has a 50-day moving average price of $26.28 and a two-hundred day moving average price of $24.55.
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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