iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $93.41 and last traded at $93.41, with a volume of 14979 shares traded. The stock had previously closed at $92.52.

iShares Residential and Multisector Real Estate ETF Price Performance

The business has a fifty day moving average of $90.46 and a 200 day moving average of $87.14. The stock has a market cap of $889.18 million, a PE ratio of 43.88 and a beta of 0.85.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $533,000. Kendall Capital Management grew its stake in iShares Residential and Multisector Real Estate ETF by 9.6% in the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock worth $981,000 after purchasing an additional 1,044 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in iShares Residential and Multisector Real Estate ETF by 10.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 13,706 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Monetary Solutions Ltd bought a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at about $26,000.

iShares Residential and Multisector Real Estate ETF Company Profile

(Get Free Report)

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.

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