PNC Financial Services Group Inc. Purchases 435 Shares of iShares Global REIT ETF (NYSEARCA:REET)

PNC Financial Services Group Inc. lifted its stake in iShares Global REIT ETF (NYSEARCA:REET) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,769 shares of the company’s stock after acquiring an additional 435 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Global REIT ETF were worth $402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REET. FMR LLC grew its holdings in iShares Global REIT ETF by 391.4% during the 3rd quarter. FMR LLC now owns 1,366 shares of the company’s stock worth $36,000 after acquiring an additional 1,088 shares during the period. SRS Capital Advisors Inc. bought a new position in iShares Global REIT ETF in the fourth quarter valued at approximately $51,000. Heck Capital Advisors LLC bought a new position in shares of iShares Global REIT ETF in the 4th quarter valued at about $62,000. Trust Co. of Vermont raised its stake in iShares Global REIT ETF by 151.1% in the fourth quarter. Trust Co. of Vermont now owns 3,882 shares of the company’s stock valued at $93,000 after buying an additional 2,336 shares during the period. Finally, Breakwater Investment Management increased its holdings in shares of iShares Global REIT ETF by 12.1% in the fourth quarter. Breakwater Investment Management now owns 5,095 shares of the company’s stock valued at $122,000 after purchasing an additional 551 shares during the last quarter.

iShares Global REIT ETF Price Performance

REET opened at $24.27 on Friday. iShares Global REIT ETF has a 1 year low of $21.79 and a 1 year high of $27.24. The business has a fifty day simple moving average of $24.42 and a 200 day simple moving average of $25.22. The company has a market capitalization of $3.76 billion, a PE ratio of 26.66 and a beta of 1.08.

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.