Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw strong trading volume on Tuesday . Approximately 137,559 shares were traded during mid-day trading, an increase of 179% from the previous session’s volume of 49,302 shares.The stock last traded at $96.46 and had previously closed at $96.76.
iShares Residential and Multisector Real Estate ETF Price Performance
The stock has a market cap of $875.51 million, a price-to-earnings ratio of 43.88 and a beta of 0.83. The firm has a 50 day simple moving average of $95.65 and a two-hundred day simple moving average of $91.03.
Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF
Several large investors have recently bought and sold shares of REZ. Monetary Solutions Ltd bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth $26,000. Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF during the first quarter worth about $85,000. Creative Financial Designs Inc. ADV lifted its holdings in iShares Residential and Multisector Real Estate ETF by 7.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after acquiring an additional 996 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Residential and Multisector Real Estate ETF by 570.3% in the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,217 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 21.6% in the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock worth $11,416,000 after acquiring an additional 23,895 shares in the last quarter.
iShares Residential and Multisector Real Estate ETF Company Profile
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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