Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw strong trading volume on Tuesday. 92,433 shares traded hands during trading, an increase of 68% from the previous session’s volume of 54,944 shares. The stock last traded at $87.8360 and had previously closed at $87.17.
iShares Residential and Multisector Real Estate ETF Stock Performance
The company has a market cap of $787.88 million, a PE ratio of 43.88 and a beta of 0.82. The business’s 50-day moving average is $93.28 and its 200 day moving average is $91.56.
Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional bought a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth approximately $1,110,000. Cornerstone Planning Group LLC increased its stake in iShares Residential and Multisector Real Estate ETF by 15.0% in 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. Main Street Group LTD bought a new stake in iShares Residential and Multisector Real Estate ETF in the first quarter valued at approximately $85,000. Finally, Monetary Solutions Ltd bought a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at approximately $26,000.
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.
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