First Citizens Bank & Trust Co. Has $329,000 Stake in iShares Global REIT ETF (NYSEARCA:REET)

First Citizens Bank & Trust Co. lowered its position in iShares Global REIT ETF (NYSEARCA:REET) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,714 shares of the company’s stock after selling 13,428 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares Global REIT ETF were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in REET. FMR LLC raised its stake in shares of iShares Global REIT ETF by 391.4% in the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock valued at $36,000 after acquiring an additional 1,088 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of iShares Global REIT ETF in the third quarter valued at approximately $39,000. Trust Co. of Vermont lifted its stake in shares of iShares Global REIT ETF by 151.1% in the fourth quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock worth $93,000 after buying an additional 2,336 shares during the last quarter. Breakwater Investment Management boosted its holdings in shares of iShares Global REIT ETF by 12.1% during the 4th quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock worth $122,000 after buying an additional 551 shares during the period. Finally, Matrix Trust Co acquired a new position in iShares Global REIT ETF in the 3rd quarter valued at $131,000.

iShares Global REIT ETF Price Performance

iShares Global REIT ETF stock opened at $24.35 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 firm has a fifty day moving average price of $24.64 and a two-hundred day moving average price of $25.33. The firm has a market cap of $3.71 billion, a price-to-earnings 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.