Diversified Portfolios Inc. Buys 45,134 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Diversified Portfolios Inc. grew its stake in iShares Global REIT ETF (NYSEARCA:REET) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 716,691 shares of the company’s stock after purchasing an additional 45,134 shares during the period. iShares Global REIT ETF comprises approximately 2.1% of Diversified Portfolios Inc.’s holdings, making the stock its 13th largest position. Diversified Portfolios Inc.’s holdings in iShares Global REIT ETF were worth $19,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of REET. Quent Capital LLC increased its position in shares of iShares Global REIT ETF by 1.8% during the first quarter. Quent Capital LLC now owns 497,390 shares of the company’s stock worth $11,778,000 after acquiring an additional 8,956 shares during the period. RFP Financial Group LLC grew its holdings in iShares Global REIT ETF by 3.3% in the first quarter. RFP Financial Group LLC now owns 166,014 shares of the company’s stock worth $3,931,000 after purchasing an additional 5,247 shares during the last quarter. Cooper Haims Advisors LLC increased its position in shares of iShares Global REIT ETF by 11.3% during the first quarter. Cooper Haims Advisors LLC now owns 441,246 shares of the company’s stock worth $10,449,000 after purchasing an additional 44,901 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in shares of iShares Global REIT ETF during the 1st quarter valued at $2,920,000. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of iShares Global REIT ETF in the 1st quarter worth $1,144,000.

iShares Global REIT ETF Stock Down 0.2 %

Shares of NYSEARCA:REET traded down $0.04 during trading on Thursday, hitting $25.47. The stock had a trading volume of 328,374 shares, compared to its average volume of 613,076. iShares Global REIT ETF has a 12-month low of $21.68 and a 12-month high of $27.24. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The stock has a 50-day simple moving average of $26.22 and a two-hundred day simple moving average of $24.70.

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.