PNC Financial Services Group Inc. Has $965,000 Stake in iShares Global REIT ETF $REET

PNC Financial Services Group Inc. increased its holdings in shares of iShares Global REIT ETF (NYSEARCA:REET) by 136.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,678 shares of the company’s stock after acquiring an additional 22,344 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Global REIT ETF were worth $965,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First National Bank of Omaha acquired a new position in iShares Global REIT ETF during the third quarter worth $544,000. Modera Wealth Management LLC lifted its stake in iShares Global REIT ETF by 8.7% in the fourth quarter. Modera Wealth Management LLC now owns 1,299,166 shares of the company’s stock valued at $32,414,000 after acquiring an additional 103,954 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in iShares Global REIT ETF in the third quarter valued at $583,000. Compagnie Lombard Odier SCmA lifted its stake in iShares Global REIT ETF by 276.4% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,390 shares of the company’s stock valued at $958,000 after acquiring an additional 28,190 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in iShares Global REIT ETF by 4.3% in the fourth quarter. PDS Planning Inc now owns 1,533,569 shares of the company’s stock valued at $38,263,000 after acquiring an additional 62,927 shares during the last quarter.

iShares Global REIT ETF Price Performance

Shares of REET stock opened at $27.27 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 29.27 and a beta of 0.94. The company has a fifty day moving average price of $26.60 and a two-hundred day moving average price of $26.02. iShares Global REIT ETF has a one year low of $24.28 and a one year high of $27.69.

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.