PNC Financial Services Group Inc. cut its holdings in iShares Global REIT ETF (NYSEARCA:REET – Free Report) by 56.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,857 shares of the company’s stock after selling 21,821 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Global REIT ETF were worth $424,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. SHP Wealth Management purchased a new position in shares of iShares Global REIT ETF in the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of iShares Global REIT ETF in the 4th quarter valued at $26,000. Mascoma Wealth Management LLC purchased a new position in shares of iShares Global REIT ETF in the 1st quarter valued at $33,000. EFG International AG purchased a new position in shares of iShares Global REIT ETF in the 4th quarter valued at $50,000. Finally, Operose Advisors LLC raised its stake in iShares Global REIT ETF by 211.1% during the 4th quarter. Operose Advisors LLC now owns 2,122 shares of the company’s stock worth $53,000 after acquiring an additional 1,440 shares in the last quarter.
iShares Global REIT ETF Price Performance
Shares of NYSEARCA:REET opened at $28.31 on Wednesday. iShares Global REIT ETF has a 12 month low of $24.53 and a 12 month high of $29.06. The firm has a market capitalization of $5.12 billion, a P/E ratio of 29.27 and a beta of 0.92. The company’s fifty day moving average price is $27.83 and its 200 day moving average price is $26.92.
About iShares Global REIT ETF
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.
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