Morris Financial Concepts Inc. Has $1.36 Million Stock Holdings in iShares Global REIT ETF (NYSEARCA:REET)

Morris Financial Concepts Inc. cut its stake in shares of iShares Global REIT ETF (NYSEARCA:REETFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,050 shares of the company’s stock after selling 3,897 shares during the period. iShares Global REIT ETF makes up about 0.8% of Morris Financial Concepts Inc.’s holdings, making the stock its 26th biggest position. Morris Financial Concepts Inc.’s holdings in iShares Global REIT ETF were worth $1,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in shares of iShares Global REIT ETF during the third quarter worth $26,000. UMB Bank n.a. raised its position in iShares Global REIT ETF by 1,339.6% during the third quarter. UMB Bank n.a. now owns 2,001 shares of the company’s stock valued at $42,000 after buying an additional 1,862 shares during the period. BNP Paribas Arbitrage SA acquired a new position in iShares Global REIT ETF during the first quarter valued at $82,000. Retirement Group LLC acquired a new position in iShares Global REIT ETF during the fourth quarter valued at $75,000. Finally, Captrust Financial Advisors raised its position in iShares Global REIT ETF by 74.5% during the first quarter. Captrust Financial Advisors now owns 3,412 shares of the company’s stock valued at $100,000 after buying an additional 1,457 shares during the period.

iShares Global REIT ETF Stock Performance

NYSEARCA:REET traded down $0.33 during trading hours on Friday, hitting $22.55. 272,822 shares of the company’s stock traded hands, compared to its average volume of 687,344. The firm has a market cap of $3.44 billion, a P/E ratio of 19.38 and a beta of 0.92. iShares Global REIT ETF has a twelve month low of $19.69 and a twelve month high of $24.65. The stock’s fifty day moving average price is $23.25 and its two-hundred day moving average price is $22.64.

iShares Global REIT ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares Global REIT ETF (NYSEARCA:REET)

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