Cambridge Investment Research Advisors Inc. Reduces Stock Position in iShares Global REIT ETF (NYSEARCA:REET)

Cambridge Investment Research Advisors Inc. decreased its position in shares of iShares Global REIT ETF (NYSEARCA:REET – Get Rating) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,511 shares of the company’s stock after selling 21,592 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in iShares Global REIT ETF were worth $579,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Whittier Trust Co. acquired a new stake in shares of iShares Global REIT ETF during the 4th quarter valued at approximately $204,000. Phillips Financial Management LLC acquired a new position in shares of iShares Global REIT ETF during the 3rd quarter valued at $179,000. Kooman & Associates acquired a new position in shares of iShares Global REIT ETF during the 4th quarter valued at $4,146,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in iShares Global REIT ETF in the 4th quarter worth $40,000. Finally, Cardinal Point Wealth Management Partners LLC lifted its holdings in iShares Global REIT ETF by 129.9% in the 4th quarter. Cardinal Point Wealth Management Partners LLC now owns 35,875 shares of the company’s stock worth $815,000 after buying an additional 20,270 shares in the last quarter.

iShares Global REIT ETF Price Performance

Shares of REET stock opened at $22.04 on Thursday. iShares Global REIT ETF has a 12 month low of $20.04 and a 12 month high of $26.86. The firm has a market capitalization of $2.86 billion, a P/E ratio of 18.16 and a beta of 0.93. The company’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $23.22.

About iShares Global REIT ETF

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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.