Merriman Wealth Management LLC Has $3.15 Million Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Merriman Wealth Management LLC raised its position in shares of iShares Global REIT ETF (NYSEARCA:REET) by 18.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,348 shares of the company’s stock after buying an additional 20,747 shares during the period. Merriman Wealth Management LLC owned about 0.09% of iShares Global REIT ETF worth $3,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of REET. Principal Securities Inc. acquired a new stake in shares of iShares Global REIT ETF during the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $781,000 after buying an additional 8,621 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of iShares Global REIT ETF by 148.6% during the fourth quarter. Corient Private Wealth LLC now owns 424,310 shares of the company’s stock worth $10,260,000 after buying an additional 253,597 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of iShares Global REIT ETF by 22.8% during the fourth quarter. Franklin Resources Inc. now owns 56,051 shares of the company’s stock worth $1,355,000 after buying an additional 10,403 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of iShares Global REIT ETF by 59.3% during the fourth quarter. US Bancorp DE now owns 30,665 shares of the company’s stock worth $741,000 after buying an additional 11,412 shares in the last quarter.

iShares Global REIT ETF Trading Down 0.6 %

NYSEARCA REET opened at $26.83 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The company has a 50 day moving average of $25.45 and a 200-day moving average of $23.88. iShares Global REIT ETF has a 1-year low of $19.69 and a 1-year high of $27.24.

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.