Morris Financial Concepts Inc. Reduces Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Morris Financial Concepts Inc. lessened its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,156 shares of the company’s stock after selling 5,472 shares during the quarter. Morris Financial Concepts Inc.’s holdings in iShares Global REIT ETF were worth $1,202,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Naples Global Advisors LLC lifted its holdings in shares of iShares Global REIT ETF by 5.8% in the 4th quarter. Naples Global Advisors LLC now owns 249,760 shares of the company’s stock valued at $5,987,000 after purchasing an additional 13,799 shares during the last quarter. Diversified Portfolios Inc. lifted its stake in iShares Global REIT ETF by 7.7% in the fourth quarter. Diversified Portfolios Inc. now owns 772,173 shares of the company’s stock valued at $18,509,000 after buying an additional 55,482 shares during the last quarter. International Private Wealth Advisors LLC acquired a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at approximately $207,000. Aurelius Family Office LLC purchased a new position in shares of iShares Global REIT ETF during the fourth quarter worth approximately $2,206,000. Finally, SC&H Financial Advisors Inc. grew its position in shares of iShares Global REIT ETF by 1.3% during the fourth quarter. SC&H Financial Advisors Inc. now owns 128,985 shares of the company’s stock worth $3,092,000 after acquiring an additional 1,669 shares during the last quarter.

iShares Global REIT ETF Price Performance

Shares of NYSEARCA:REET opened at $24.49 on Thursday. The stock has a market cap of $3.73 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a 1-year low of $21.79 and a 1-year high of $27.24. The firm has a fifty day moving average price of $24.31 and a 200 day moving average price of $25.33.

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.