Alhambra Investment Management LLC Acquires 16,903 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Alhambra Investment Management LLC increased its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,155 shares of the company’s stock after buying an additional 16,903 shares during the period. iShares Global REIT ETF accounts for about 2.1% of Alhambra Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Alhambra Investment Management LLC owned approximately 0.11% of iShares Global REIT ETF worth $4,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global REIT ETF by 10.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,613,951 shares of the company’s stock worth $107,274,000 after purchasing an additional 434,651 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in iShares Global REIT ETF by 71.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 968,082 shares of the company’s stock valued at $25,838,000 after purchasing an additional 403,494 shares during the period. BNP Paribas Financial Markets increased its stake in iShares Global REIT ETF by 157.4% in the third quarter. BNP Paribas Financial Markets now owns 516,940 shares of the company’s stock valued at $13,797,000 after purchasing an additional 316,102 shares in the last quarter. Nicola Wealth Management LTD. raised its stake in iShares Global REIT ETF by 102.8% during the 3rd quarter. Nicola Wealth Management LTD. now owns 623,300 shares of the company’s stock worth $16,636,000 after buying an additional 316,000 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Global REIT ETF by 78.5% during the 2nd quarter. Cetera Investment Advisers now owns 598,823 shares of the company’s stock valued at $13,923,000 after purchasing an additional 263,354 shares in the last quarter.

iShares Global REIT ETF Stock Performance

NYSEARCA REET opened at $24.02 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The business has a 50 day simple moving average of $24.81 and a 200 day simple moving average of $25.27. iShares Global REIT ETF has a 52-week low of $21.79 and a 52-week high of $27.24.

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.