iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) shares saw strong trading volume on Tuesday. 108,077 shares changed hands during trading, an increase of 83% from the previous session’s volume of 59,094 shares. The stock last traded at $90.4210 and had previously closed at $88.91.
iShares Residential and Multisector Real Estate ETF Stock Up 1.6%
The stock has a market capitalization of $803.95 million, a PE ratio of 43.88 and a beta of 0.82. The firm’s fifty day moving average is $91.59 and its 200-day moving average is $91.89.
Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in REZ. Cornerstone Planning Group LLC increased its position in iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at approximately $511,000. Burns Matteson Capital Management LLC acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at approximately $1,285,000. CX Institutional acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at approximately $1,110,000. Finally, Congress Asset Management Co. purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at approximately $1,204,000.
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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