PDS Planning Inc Grows Holdings in iShares Global REIT ETF (NYSEARCA:REET)

PDS Planning Inc grew its stake in shares of iShares Global REIT ETF (NYSEARCA:REET) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,320,548 shares of the company’s stock after acquiring an additional 37,154 shares during the period. iShares Global REIT ETF makes up about 2.8% of PDS Planning Inc’s holdings, making the stock its 10th largest position. PDS Planning Inc’s holdings in iShares Global REIT ETF were worth $31,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valmark Advisers Inc. raised its position in shares of iShares Global REIT ETF by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 5,645,446 shares of the company’s stock worth $135,321,000 after buying an additional 294,000 shares in the last quarter. M&T Bank Corp raised its holdings in shares of iShares Global REIT ETF by 13.1% in the 4th quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock worth $107,419,000 after purchasing an additional 520,038 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of iShares Global REIT ETF by 4.0% in the 3rd quarter. Bank of Montreal Can now owns 2,846,622 shares of the company’s stock worth $75,834,000 after purchasing an additional 108,254 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of iShares Global REIT ETF by 5.3% in the 4th quarter. Modera Wealth Management LLC now owns 996,506 shares of the company’s stock worth $23,886,000 after purchasing an additional 50,046 shares in the last quarter. Finally, Nicola Wealth Management LTD. raised its holdings in shares of iShares Global REIT ETF by 57.0% in the 4th quarter. Nicola Wealth Management LTD. now owns 978,300 shares of the company’s stock worth $23,450,000 after purchasing an additional 355,000 shares in the last quarter.

iShares Global REIT ETF Price Performance

NYSEARCA REET opened at $24.60 on Tuesday. The company’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $25.25. iShares Global REIT ETF has a 12 month low of $21.79 and a 12 month high of $27.24. The company has a market capitalization of $3.81 billion, a P/E ratio of 26.66 and a beta of 1.08.

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.