iShares Global REIT ETF (NYSEARCA:REET) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Global REIT ETF (NYSEARCA:REET) shares saw strong trading volume on Tuesday . 891,723 shares traded hands during trading, an increase of 57% from the previous session’s volume of 566,364 shares.The stock last traded at $24.90 and had previously closed at $25.07.

iShares Global REIT ETF Stock Down 0.3 %

The firm has a market cap of $3.86 billion, a PE ratio of 28.31 and a beta of 1.07. The business has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $25.33.

Institutional Investors Weigh In On iShares Global REIT ETF

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

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.