PNC Financial Services Group Inc. Cuts Stock Holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

PNC Financial Services Group Inc. reduced its stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 98.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,446 shares of the company’s stock after selling 318,408 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Core U.S. REIT ETF were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of USRT. Fortitude Family Office LLC bought a new stake in shares of iShares Core U.S. REIT ETF during the 4th quarter worth $27,000. Smithfield Trust Co purchased a new stake in iShares Core U.S. REIT ETF during the fourth quarter valued at about $28,000. Heritage Wealth Advisors bought a new stake in iShares Core U.S. REIT ETF during the fourth quarter worth about $31,000. Blue Trust Inc. purchased a new position in shares of iShares Core U.S. REIT ETF in the 4th quarter worth about $35,000. Finally, Headinvest LLC bought a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at about $46,000.

iShares Core U.S. REIT ETF Price Performance

NYSEARCA:USRT opened at $53.41 on Wednesday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97. The business has a 50 day moving average of $52.14 and a 200 day moving average of $52.58. iShares Core U.S. REIT ETF has a 1-year low of $43.76 and a 1-year high of $55.40.

iShares Core U.S. REIT ETF Company Profile

The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.