iShares Global REIT ETF (NYSEARCA:REET) Reaches New 1-Year Low – What’s Next?

iShares Global REIT ETF (NYSEARCA:REET)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $21.58 and last traded at $21.61, with a volume of 151349 shares trading hands. The stock had previously closed at $22.62.

iShares Global REIT ETF Price Performance

The company’s 50-day moving average price is $24.44 and its two-hundred day moving average price is $25.01. The company has a market capitalization of $3.42 billion, a P/E ratio of 26.39 and a beta of 1.08.

Institutional Investors Weigh In On iShares Global REIT ETF

Several hedge funds have recently bought and sold shares of REET. FMR LLC increased its stake in shares of iShares Global REIT ETF by 391.4% during the third quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after purchasing an additional 1,088 shares during the period. Captrust Financial Advisors increased its position in iShares Global REIT ETF by 3.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,317 shares of the company’s stock worth $542,000 after buying an additional 685 shares during the period. Stifel Financial Corp increased its position in iShares Global REIT ETF by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 10,349 shares of the company’s stock worth $276,000 after buying an additional 814 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of iShares Global REIT ETF by 14.8% during the third quarter. Insigneo Advisory Services LLC now owns 33,752 shares of the company’s stock worth $901,000 after buying an additional 4,348 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its position in shares of iShares Global REIT ETF by 3.2% in the third quarter. MidWestOne Financial Group Inc. now owns 44,878 shares of the company’s stock valued at $1,198,000 after acquiring an additional 1,377 shares during the period.

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.