PNC Financial Services Group Inc. Sells 16,680 Shares of iShares U.S. Real Estate ETF $IYR

PNC Financial Services Group Inc. decreased its position in iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,359 shares of the real estate investment trust’s stock after selling 16,680 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.89% of iShares U.S. Real Estate ETF worth $35,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. WealthNavi Inc. grew its stake in shares of iShares U.S. Real Estate ETF by 10.2% in the 4th quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock worth $548,218,000 after acquiring an additional 540,270 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Real Estate ETF by 45.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 335,818 shares of the real estate investment trust’s stock worth $31,824,000 after acquiring an additional 105,669 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Real Estate ETF by 33.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 325,077 shares of the real estate investment trust’s stock worth $31,559,000 after acquiring an additional 82,256 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of iShares U.S. Real Estate ETF by 1,235.6% in the 3rd quarter. Cibc World Market Inc. now owns 318,977 shares of the real estate investment trust’s stock worth $30,966,000 after acquiring an additional 295,095 shares in the last quarter. Finally, Connable Office Inc. grew its stake in shares of iShares U.S. Real Estate ETF by 1.7% in the 4th quarter. Connable Office Inc. now owns 299,557 shares of the real estate investment trust’s stock worth $28,125,000 after acquiring an additional 5,112 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Price Performance

NYSEARCA IYR opened at $102.56 on Friday. iShares U.S. Real Estate ETF has a 1 year low of $91.40 and a 1 year high of $103.58. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 35.41 and a beta of 0.99. The company has a fifty day moving average price of $99.06 and a 200-day moving average price of $97.30.

iShares U.S. Real Estate ETF Company 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).