Empower Advisory Group LLC Acquires Shares of 7,699 iShares Global REIT ETF (NYSEARCA:REET)

Empower Advisory Group LLC bought a new position in shares of iShares Global REIT ETF (NYSEARCA:REET) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,699 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of REET. Farther Finance Advisors LLC bought a new position in iShares Global REIT ETF during the 3rd quarter valued at $39,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Global REIT ETF in the 2nd quarter valued at about $67,000. IAG Wealth Partners LLC bought a new position in shares of iShares Global REIT ETF during the second quarter worth about $92,000. Cullen Frost Bankers Inc. acquired a new position in iShares Global REIT ETF in the second quarter worth about $104,000. Finally, Breakwater Investment Management increased its holdings in iShares Global REIT ETF by 298.9% in the second quarter. Breakwater Investment Management now owns 4,544 shares of the company’s stock valued at $106,000 after buying an additional 3,405 shares during the last quarter.

iShares Global REIT ETF Stock Up 0.4 %

Shares of NYSEARCA REET opened at $25.44 on Friday. The stock’s 50 day moving average price is $26.20 and its two-hundred day moving average price is $24.71. iShares Global REIT ETF has a 52-week low of $21.68 and a 52-week high of $27.24. The stock has a market capitalization of $3.88 billion, a P/E ratio of 19.98 and a beta of 0.92.

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.