iShares Global REIT ETF (NYSEARCA:REET) Reaches New 52-Week High at $26.42

iShares Global REIT ETF (NYSEARCA:REET) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.42 and last traded at $26.42, with a volume of 4638 shares. The stock had previously closed at $26.30.

iShares Global REIT ETF Stock Performance

The company has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $23.66. The firm has a market capitalization of $4.01 billion, a PE ratio of 19.98 and a beta of 0.92.

Hedge Funds Weigh In On iShares Global REIT ETF

Several institutional investors have recently bought and sold shares of REET. Principal Securities Inc. purchased a new stake in shares of iShares Global REIT ETF during the 4th quarter worth $46,000. Elevate Wealth Advisory Inc. purchased a new position in shares of iShares Global REIT ETF in the 4th quarter worth approximately $65,000. International Assets Investment Management LLC bought a new position in shares of iShares Global REIT ETF during the 2nd quarter worth approximately $67,000. IAG Wealth Partners LLC bought a new position in shares of iShares Global REIT ETF during the 2nd quarter worth approximately $92,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in iShares Global REIT ETF in the second quarter valued at approximately $104,000.

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.