PNC Financial Services Group Inc. Cuts Stake in iShares U.S. Real Estate ETF $IYR

PNC Financial Services Group Inc. reduced its stake in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 376,359 shares of the real estate investment trust’s stock after selling 16,680 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $35,336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 1.3% in the 3rd quarter. Moors & Cabot Inc. now owns 8,398 shares of the real estate investment trust’s stock worth $815,000 after buying an additional 108 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of iShares U.S. Real Estate ETF by 4.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,809 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 110 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of iShares U.S. Real Estate ETF by 15.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 870 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 115 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 1.1% in the 3rd quarter. Centaurus Financial Inc. now owns 11,062 shares of the real estate investment trust’s stock worth $1,074,000 after buying an additional 116 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of iShares U.S. Real Estate ETF by 145.9% in the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 159 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Real Estate ETF Stock Performance

Shares of NYSEARCA:IYR opened at $102.56 on Friday. The company’s 50-day moving average is $99.06 and its 200 day moving average is $97.30. The company has a market capitalization of $4.19 billion, a P/E ratio of 35.41 and a beta of 0.99. iShares U.S. Real Estate ETF has a fifty-two week low of $91.40 and a fifty-two week high of $103.58.

About iShares U.S. Real Estate ETF

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).