Crossingbridge Advisors LLC Makes New Investment in iShares Global REIT ETF (NYSEARCA:REET)

Crossingbridge Advisors LLC acquired a new stake in iShares Global REIT ETF (NYSEARCA:REET) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $1,438,000.

A number of other hedge funds have also modified their holdings of REET. Brooklyn FI LLC boosted its stake in iShares Global REIT ETF by 6,573.1% during the 4th quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock worth $384,369,000 after purchasing an additional 14,835,546 shares during the period. Hsbc Holdings PLC grew its holdings in shares of iShares Global REIT ETF by 35.2% during the fourth quarter. Hsbc Holdings PLC now owns 5,681,021 shares of the company’s stock worth $136,174,000 after buying an additional 1,480,000 shares during the last quarter. M&T Bank Corp increased its position in iShares Global REIT ETF by 13.1% in the 4th quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock valued at $107,419,000 after acquiring an additional 520,038 shares during the period. SageView Advisory Group LLC raised its stake in iShares Global REIT ETF by 24.1% during the 4th quarter. SageView Advisory Group LLC now owns 2,377,760 shares of the company’s stock valued at $56,995,000 after acquiring an additional 461,046 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares Global REIT ETF by 42.5% in the 4th quarter. LPL Financial LLC now owns 1,494,856 shares of the company’s stock valued at $35,832,000 after purchasing an additional 445,910 shares during the last quarter.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $23.88 on Friday. The business has a 50 day simple moving average of $23.95 and a 200-day simple moving average of $24.63. iShares Global REIT ETF has a 12 month low of $20.96 and a 12 month high of $27.24. The stock has a market capitalization of $3.78 billion, a PE ratio of 25.46 and a beta of 0.95.

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.