iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sets New 1-Year High – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high during trading on Friday . The stock traded as high as $90.32 and last traded at $90.16, with a volume of 12206 shares trading hands. The stock had previously closed at $89.91.

iShares Residential and Multisector Real Estate ETF Trading Up 0.3%

The company has a market capitalization of $842.81 million, a price-to-earnings ratio of 43.88 and a beta of 0.89. The stock’s fifty day simple moving average is $85.13 and its 200-day simple moving average is $84.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REZ. Gamco Investors INC. ET AL acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 2nd quarter valued at about $4,156,000. CX Institutional increased its stake in shares of 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 raised its holdings in iShares Residential and Multisector Real Estate ETF by 19.3% in the second 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. Kendall Capital Management raised its holdings in iShares Residential and Multisector Real Estate ETF by 9.6% in the fourth quarter. Kendall Capital Management now owns 11,873 shares of the company’s stock valued at $981,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC lifted its stake in iShares Residential and Multisector Real Estate ETF by 1.1% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after acquiring an additional 5,303 shares during 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.