Nicola Wealth Management LTD. Buys 355,000 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Nicola Wealth Management LTD. boosted its stake in iShares Global REIT ETF (NYSEARCA:REET) by 57.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 978,300 shares of the company’s stock after acquiring an additional 355,000 shares during the quarter. iShares Global REIT ETF makes up about 2.5% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 11th biggest position. Nicola Wealth Management LTD.’s holdings in iShares Global REIT ETF were worth $23,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP lifted its stake in iShares Global REIT ETF by 1.1% in the 4th quarter. Capital Performance Advisors LLP now owns 39,697 shares of the company’s stock valued at $952,000 after purchasing an additional 421 shares during the last quarter. Claro Advisors LLC increased its position in iShares Global REIT ETF by 3.8% in the 4th quarter. Claro Advisors LLC now owns 12,118 shares of the company’s stock valued at $290,000 after acquiring an additional 445 shares during the period. 180 Wealth Advisors LLC increased its position in iShares Global REIT ETF by 1.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 29,769 shares of the company’s stock valued at $714,000 after acquiring an additional 461 shares during the period. Breakwater Investment Management increased its position in iShares Global REIT ETF by 12.1% in the 4th quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock valued at $122,000 after acquiring an additional 551 shares during the period. Finally, Captrust Financial Advisors increased its position in iShares Global REIT ETF by 3.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,317 shares of the company’s stock valued at $542,000 after acquiring an additional 685 shares during the period.

iShares Global REIT ETF Stock Performance

Shares of NYSEARCA REET opened at $25.07 on Tuesday. iShares Global REIT ETF has a 52-week low of $21.79 and a 52-week high of $27.24. The firm has a 50 day moving average price of $24.29 and a two-hundred day moving average price of $25.33. The stock has a market cap of $3.88 billion, a P/E ratio of 28.31 and a beta of 1.07.

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.