Peapack Gladstone Financial Corp Cuts Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Peapack Gladstone Financial Corp reduced its position in iShares Global REIT ETF (NYSEARCA:REET) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,530 shares of the company’s stock after selling 3,771 shares during the period. Peapack Gladstone Financial Corp’s holdings in iShares Global REIT ETF were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in iShares Global REIT ETF by 391.4% in the third quarter. FMR LLC now owns 1,366 shares of the company’s stock valued at $36,000 after purchasing an additional 1,088 shares during the period. Farther Finance Advisors LLC acquired a new stake in iShares Global REIT ETF in the 3rd quarter valued at $39,000. International Assets Investment Management LLC acquired a new stake in iShares Global REIT ETF in the 2nd quarter valued at $67,000. Cullen Frost Bankers Inc. purchased a new stake in iShares Global REIT ETF in the 2nd quarter worth $104,000. Finally, Breakwater Investment Management raised its position in iShares Global REIT ETF by 298.9% during the second quarter. Breakwater Investment Management now owns 4,544 shares of the company’s stock worth $106,000 after acquiring an additional 3,405 shares during the period.

iShares Global REIT ETF Stock Down 0.4 %

Shares of NYSEARCA REET opened at $25.04 on Tuesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The company’s 50-day simple moving average is $25.82 and its 200-day simple moving average is $25.15. iShares Global REIT ETF has a 52-week low of $21.79 and a 52-week high of $27.24.

About iShares Global REIT ETF

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.