iShares Global REIT ETF (NYSEARCA:REET) Stock Position Reduced by Foundation Wealth Management LLC

Foundation Wealth Management LLC trimmed its position in iShares Global REIT ETF (NYSEARCA:REET) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,217 shares of the company’s stock after selling 3,322 shares during the period. iShares Global REIT ETF makes up approximately 0.9% of Foundation Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Foundation Wealth Management LLC’s holdings in iShares Global REIT ETF were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in iShares Global REIT ETF by 391.4% during the third quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after acquiring an additional 1,088 shares during the period. Farther Finance Advisors LLC bought a new position in shares of iShares Global REIT ETF during the third quarter valued at approximately $39,000. SRS Capital Advisors Inc. acquired a new stake in shares of iShares Global REIT ETF during the 4th quarter worth approximately $51,000. Heck Capital Advisors LLC bought a new stake in shares of iShares Global REIT ETF in the 4th quarter worth approximately $62,000. Finally, Trust Co. of Vermont boosted its position in iShares Global REIT ETF by 151.1% during the 4th quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after purchasing an additional 2,336 shares during the period.

iShares Global REIT ETF Price Performance

Shares of REET opened at $24.52 on Friday. iShares Global REIT ETF has a 12 month low of $21.79 and a 12 month high of $27.24. The stock has a fifty day moving average price of $24.33 and a 200 day moving average price of $25.32. The company has a market cap of $3.79 billion, a P/E ratio of 28.31 and a beta of 1.07.

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.