iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares saw unusually-strong trading volume on Tuesday . Approximately 55,465 shares were traded during trading, an increase of 25% from the previous session’s volume of 44,267 shares.The stock last traded at $68.05 and had previously closed at $68.99.

iShares Residential and Multisector Real Estate ETF Trading Up 0.5 %

The company’s 50 day moving average is $70.20 and its 200 day moving average is $69.06. The stock has a market capitalization of $591.66 million, a price-to-earnings ratio of 23.76 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 15.3% during the first quarter. HighTower Advisors LLC now owns 5,665 shares of the company’s stock worth $544,000 after buying an additional 750 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares Residential and Multisector Real Estate ETF by 457.3% during the first quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $40,000 after buying an additional 343 shares in the last quarter. Bank of Montreal Can boosted its holdings in iShares Residential and Multisector Real Estate ETF by 18.2% during the first quarter. Bank of Montreal Can now owns 1,418 shares of the company’s stock worth $138,000 after buying an additional 218 shares in the last quarter. BlackRock Inc. purchased a new stake in iShares Residential and Multisector Real Estate ETF during the first quarter worth about $1,884,000. Finally, Cetera Investment Advisers boosted its holdings in iShares Residential and Multisector Real Estate ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 3,915 shares of the company’s stock worth $375,000 after buying an additional 696 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.