iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sets New 12-Month High – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $90.00 and last traded at $89.66, with a volume of 4429 shares changing hands. The stock had previously closed at $88.08.

iShares Residential and Multisector Real Estate ETF Stock Up 0.2%

The firm has a 50 day moving average of $84.39 and a 200-day moving average of $84.02. The company has a market cap of $833.27 million, a P/E ratio of 43.88 and a beta of 0.89.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 2nd quarter worth approximately $4,156,000. Leavell Investment Management Inc. raised its stake in iShares Residential and Multisector Real Estate ETF by 97.0% in the second quarter. Leavell Investment Management Inc. now owns 12,384 shares of the company’s stock worth $1,020,000 after buying an additional 6,097 shares in the last quarter. CX Institutional lifted its holdings in iShares Residential and Multisector Real Estate ETF by 96.0% during the third quarter. CX Institutional now owns 15,716 shares of the company’s stock worth $1,335,000 after buying an additional 7,697 shares during the period. Creative Financial Designs Inc. ADV boosted its position in iShares Residential and Multisector Real Estate ETF by 19.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 12,454 shares of the company’s stock valued at $1,025,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Burns Matteson Capital Management LLC increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 22.8% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 23,207 shares of the company’s stock valued at $1,972,000 after acquiring an additional 4,316 shares during the period.

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.