iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – Time to Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $92.89 and last traded at $92.89, with a volume of 9955 shares traded. The stock had previously closed at $91.67.

iShares Residential and Multisector Real Estate ETF Price Performance

The firm has a market cap of $870.11 million, a PE ratio of 43.88 and a beta of 0.85. The company’s 50 day moving average price is $88.91 and its 200 day moving average price is $86.66.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in iShares Residential and Multisector Real Estate ETF by 570.3% in the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after purchasing an additional 14,217 shares during the period. Farther Finance Advisors LLC purchased a new stake in iShares Residential and Multisector Real Estate ETF during the 4th quarter worth about $533,000. Main Street Group LTD acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at about $85,000. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at about $26,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 7.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after buying an additional 996 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.