PNC Financial Services Group Inc. Has $965,000 Holdings in iShares Global REIT ETF $REET

PNC Financial Services Group Inc. grew its stake in iShares Global REIT ETF (NYSEARCA:REET) by 136.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,678 shares of the company’s stock after buying an additional 22,344 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Global REIT ETF were worth $965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of iShares Global REIT ETF in the fourth quarter valued at approximately $26,000. United Financial Planning Group LLC acquired a new position in shares of iShares Global REIT ETF in the third quarter valued at approximately $64,000. CoreCap Advisors LLC boosted its holdings in iShares Global REIT ETF by 37.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,457 shares of the company’s stock worth $86,000 after purchasing an additional 946 shares during the last quarter. Triumph Capital Management acquired a new position in iShares Global REIT ETF during the third quarter worth $91,000. Finally, Private Trust Co. NA boosted its holdings in iShares Global REIT ETF by 2,421.8% during the fourth quarter. Private Trust Co. NA now owns 4,514 shares of the company’s stock worth $113,000 after purchasing an additional 4,335 shares during the last quarter.

iShares Global REIT ETF Trading Down 0.7%

Shares of REET opened at $27.27 on Friday. iShares Global REIT ETF has a 12 month low of $24.28 and a 12 month high of $27.69. The firm has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $26.02. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

iShares Global REIT ETF Profile

The iShares Global REIT ETF (REET) is an exchange-traded fund that is based on the FTSE EPRA Nareit Global REITs index, a global, market-cap-weighted index of firms involved in the ownership and operation of real estate. REET was launched on Jul 8, 2014 and is managed by BlackRock.