PNC Financial Services Group Inc. Trims Holdings in iShares U.S. Real Estate ETF (NYSEARCA:IYR)

PNC Financial Services Group Inc. trimmed its stake in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 402,191 shares of the real estate investment trust’s stock after selling 3,879 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Real Estate ETF were worth $37,428,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthNavi Inc. increased its holdings in shares of iShares U.S. Real Estate ETF by 1.6% in the fourth quarter. WealthNavi Inc. now owns 4,456,004 shares of the real estate investment trust’s stock worth $414,676,000 after purchasing an additional 68,048 shares during the period. Raymond James Financial Inc. bought a new position in iShares U.S. Real Estate ETF in the 4th quarter worth about $22,230,000. Atria Investments Inc purchased a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at about $985,000. Synergy Investment Management LLC bought a new stake in shares of iShares U.S. Real Estate ETF during the 4th quarter valued at about $27,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of iShares U.S. Real Estate ETF by 64.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,325 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 2,475 shares during the last quarter.

iShares U.S. Real Estate ETF Price Performance

IYR stock opened at $96.97 on Monday. The firm has a 50 day simple moving average of $94.93 and a two-hundred day simple moving average of $97.82. The stock has a market cap of $3.83 billion, a PE ratio of 32.35 and a beta of 1.08. iShares U.S. Real Estate ETF has a one year low of $81.25 and a one year high of $104.04.

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).