Wells Fargo & Company MN Has $17.38 Million Stake in iShares Global REIT ETF (NYSEARCA:REET)

Wells Fargo & Company MN raised its stake in iShares Global REIT ETF (NYSEARCA:REET) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 725,254 shares of the company’s stock after buying an additional 46,896 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares Global REIT ETF were worth $17,384,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Brooklyn FI LLC raised its position in iShares Global REIT ETF by 6,573.1% in the 4th quarter. Brooklyn FI LLC now owns 15,061,248 shares of the company’s stock valued at $384,369,000 after buying an additional 14,835,546 shares during the last quarter. M&T Bank Corp raised its holdings in shares of iShares Global REIT ETF by 13.1% in the fourth quarter. M&T Bank Corp now owns 4,481,366 shares of the company’s stock valued at $107,419,000 after purchasing an additional 520,038 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares Global REIT ETF by 42.5% during the fourth quarter. LPL Financial LLC now owns 1,494,856 shares of the company’s stock valued at $35,832,000 after purchasing an additional 445,910 shares in the last quarter. Nicola Wealth Management LTD. boosted its holdings in iShares Global REIT ETF by 57.0% during the fourth 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 during the last quarter. Finally, Valmark Advisers Inc. grew its position in iShares Global REIT ETF by 5.5% in the 4th quarter. Valmark Advisers Inc. now owns 5,645,446 shares of the company’s stock worth $135,321,000 after purchasing an additional 294,000 shares in the last quarter.

iShares Global REIT ETF Stock Performance

NYSEARCA:REET opened at $22.75 on Monday. iShares Global REIT ETF has a 52 week low of $20.96 and a 52 week high of $27.24. The firm has a 50-day moving average price of $24.16 and a two-hundred day moving average price of $24.80. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 26.39 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.