Hsbc Holdings PLC Sells 840 Shares of iShares Global REIT ETF (NYSEARCA:REET)

Hsbc Holdings PLC trimmed its holdings in iShares Global REIT ETF (NYSEARCA:REET) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,201,021 shares of the company’s stock after selling 840 shares during the period. Hsbc Holdings PLC owned approximately 2.76% of iShares Global REIT ETF worth $97,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. purchased a new position in iShares Global REIT ETF during the 4th quarter valued at about $46,000. Janney Montgomery Scott LLC boosted its position in shares of iShares Global REIT ETF by 703.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 150,533 shares of the company’s stock valued at $3,640,000 after acquiring an additional 131,806 shares during the period. PNC Financial Services Group Inc. grew its stake in iShares Global REIT ETF by 36.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 32,302 shares of the company’s stock valued at $781,000 after acquiring an additional 8,621 shares in the last quarter. Corient Private Wealth LLC increased its holdings in iShares Global REIT ETF by 148.6% during the 4th quarter. Corient Private Wealth LLC now owns 424,310 shares of the company’s stock worth $10,260,000 after acquiring an additional 253,597 shares during the period. Finally, Franklin Resources Inc. lifted its stake in iShares Global REIT ETF by 22.8% in the 4th quarter. Franklin Resources Inc. now owns 56,051 shares of the company’s stock worth $1,355,000 after purchasing an additional 10,403 shares in the last quarter.

iShares Global REIT ETF Price Performance

REET opened at $26.89 on Thursday. The firm has a market capitalization of $4.10 billion, a P/E ratio of 19.98 and a beta of 0.92. iShares Global REIT ETF has a one year low of $19.69 and a one year high of $27.24. The company has a fifty day moving average price of $25.34 and a 200-day moving average price of $23.83.

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.