Envestnet Portfolio Solutions Inc. Trims Stock Position in iShares Global REIT ETF (NYSEARCA:REET)

Envestnet Portfolio Solutions Inc. decreased its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 48.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,520 shares of the company’s stock after selling 12,946 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Global REIT ETF were worth $324,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in iShares Global REIT ETF by 391.4% in the 3rd 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 last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at about $51,000. Heck Capital Advisors LLC purchased a new stake in shares of iShares Global REIT ETF in the fourth quarter valued at about $62,000. Trust Co. of Vermont boosted its stake in shares of iShares Global REIT ETF by 151.1% during the fourth quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock worth $93,000 after buying an additional 2,336 shares during the period. Finally, 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.

iShares Global REIT ETF Stock Down 0.5 %

REET opened at $24.13 on Friday. iShares Global REIT ETF has a 52 week low of $21.79 and a 52 week high of $27.24. The business has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $25.16. The company has a market cap of $3.74 billion, a PE ratio of 26.66 and a beta of 1.08.

iShares Global REIT ETF Profile

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.