iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $98.96 and last traded at $98.96, with a volume of 8371 shares traded. The stock had previously closed at $98.12.
iShares Residential and Multisector Real Estate ETF Stock Up 0.8%
The company’s fifty day moving average price is $92.43 and its 200 day moving average price is $88.47. The company has a market capitalization of $914.46 million, a P/E ratio of 43.88 and a beta of 0.83.
Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Monetary Solutions Ltd bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter valued at $26,000. Sound Income Strategies LLC increased its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% in the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares during the period. Creative Financial Designs Inc. ADV raised its stake in iShares Residential and Multisector Real Estate ETF by 7.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after purchasing an additional 996 shares in the last quarter. Main Street Group LTD acquired a new position in iShares Residential and Multisector Real Estate ETF in the first quarter valued at about $85,000. Finally, Kendall Capital Management lifted its position in iShares Residential and Multisector Real Estate ETF by 9.6% during 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 during the period.
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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