iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase – Still a Buy?

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw strong trading volume on Tuesday. 108,077 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 59,094 shares. The stock last traded at $90.4210 and had previously closed at $88.91.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a market capitalization of $796.37 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. The firm’s 50-day simple moving average is $91.45 and its 200-day simple moving average is $91.96.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Several hedge funds have recently made changes to their positions in REZ. Burns Matteson Capital Management LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the third quarter valued at about $1,285,000. Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at approximately $511,000. Congress Asset Management Co. acquired a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at approximately $1,204,000. RVW Wealth LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth approximately $285,000. Finally, CX Institutional bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth approximately $1,110,000.

iShares Residential and Multisector Real Estate ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iShares Residential and Multisector Real Estate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Residential and Multisector Real Estate ETF and related companies with MarketBeat.com's FREE daily email newsletter.