PNC Financial Services Group Inc. Cuts Stake in iShares U.S. Real Estate ETF $IYR

PNC Financial Services Group Inc. cut its holdings in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,109 shares of the real estate investment trust’s stock after selling 5,250 shares during the period. PNC Financial Services Group Inc. owned 0.91% of iShares U.S. Real Estate ETF worth $35,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. grew its stake in iShares U.S. Real Estate ETF by 145.9% during the 4th quarter. Assetmark Inc. now owns 268 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 159 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth about $28,000. Fifth Third Bancorp acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at about $38,000. AlphaCore Capital LLC acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at about $47,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

iShares U.S. Real Estate ETF Stock Down 0.2%

IYR stock opened at $104.71 on Friday. The stock has a market capitalization of $4.52 billion, a PE ratio of 35.41 and a beta of 0.97. iShares U.S. Real Estate ETF has a 52 week low of $92.45 and a 52 week high of $107.37. The firm has a 50 day moving average of $102.87 and a 200 day moving average of $99.92.

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).