Bank of Montreal Can Boosts Stake in iShares Global REIT ETF (NYSEARCA:REET)

Bank of Montreal Can lifted its stake in iShares Global REIT ETF (NYSEARCA:REET) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,846,622 shares of the company’s stock after purchasing an additional 108,254 shares during the quarter. Bank of Montreal Can’s holdings in iShares Global REIT ETF were worth $75,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of iShares Global REIT ETF in the 3rd quarter worth $39,000. Silver Lake Advisory LLC bought a new stake in iShares Global REIT ETF during the 2nd quarter valued at about $269,000. Valmark Advisers Inc. grew its stake in iShares Global REIT ETF by 6.5% in the 2nd quarter. Valmark Advisers Inc. now owns 5,493,203 shares of the company’s stock worth $127,717,000 after acquiring an additional 337,372 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of iShares Global REIT ETF by 9.6% during the second quarter. Aptus Capital Advisors LLC now owns 13,900 shares of the company’s stock worth $323,000 after acquiring an additional 1,221 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in iShares Global REIT ETF during the 2nd quarter valued at $104,000.

iShares Global REIT ETF Stock Performance

Shares of REET opened at $26.19 on Wednesday. iShares Global REIT ETF has a fifty-two week low of $21.79 and a fifty-two week high of $27.24. The company has a 50 day moving average price of $26.06 and a 200-day moving average price of $24.91. The stock has a market capitalization of $3.99 billion, a PE ratio of 19.98 and a beta of 0.92.

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.