iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 1-Year High – What’s Next?

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during trading on Wednesday . The company traded as high as $89.33 and last traded at $89.30, with a volume of 91815 shares trading hands. The stock had previously closed at $87.72.

iShares Residential and Multisector Real Estate ETF Stock Performance

The stock has a market capitalization of $830.37 million, a P/E ratio of 43.88 and a beta of 0.89. The stock has a 50 day moving average of $83.88 and a 200 day moving average of $83.75.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Several institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV increased its stake in iShares Residential and Multisector Real Estate ETF by 7.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after buying an additional 996 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 174,781 shares of the company’s stock valued at $14,419,000 after acquiring an additional 2,473 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 190.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock valued at $571,000 after acquiring an additional 4,530 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $533,000. Finally, Franklin Parlapiano Turner & Welch LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 1.1% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after acquiring an additional 5,303 shares during the period.

About iShares Residential and Multisector Real Estate ETF

The iShares Residential and Multisector Real Estate ETF (REZ) is an exchange-traded fund that is based on the FTSE Nareit All Residential Capped index. The fund tracks a market cap-weighted index of US residential, health care, and specialized REITs. REZ was launched on May 1, 2007 and is managed by BlackRock.