PNC Financial Services Group Inc. Has $37.43 Million Stock Position in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

PNC Financial Services Group Inc. cut its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,191 shares of the real estate investment trust’s stock after selling 3,879 shares during the period. PNC Financial Services Group Inc. owned approximately 1.19% of iShares U.S. Real Estate ETF worth $37,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Synergy Investment Management LLC bought a new stake in iShares U.S. Real Estate ETF during the 4th quarter worth approximately $27,000. Modus Advisors LLC purchased a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at approximately $28,000. Wolverine Asset Management LLC bought a new stake in iShares U.S. Real Estate ETF during the third quarter worth $30,000. Avior Wealth Management LLC raised its position in iShares U.S. Real Estate ETF by 146.0% in the 4th quarter. Avior Wealth Management LLC now owns 401 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 238 shares during the last quarter. Finally, Transcendent Capital Group LLC lifted its stake in iShares U.S. Real Estate ETF by 159.4% during the 3rd quarter. Transcendent Capital Group LLC now owns 402 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter.

iShares U.S. Real Estate ETF Price Performance

IYR opened at $96.97 on Monday. iShares U.S. Real Estate ETF has a 1 year low of $81.25 and a 1 year high of $104.04. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 32.35 and a beta of 1.08. The firm’s fifty day moving average price is $94.93 and its two-hundred day moving average price is $97.82.

iShares U.S. Real Estate ETF Profile

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).