iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) shares saw an uptick in trading volume on Tuesday . 137,559 shares traded hands during trading, an increase of 179% from the previous session’s volume of 49,302 shares.The stock last traded at $96.46 and had previously closed at $96.76.
iShares Residential and Multisector Real Estate ETF Stock Performance
The firm has a market cap of $878.51 million, a P/E ratio of 43.88 and a beta of 0.83. The firm has a fifty day moving average of $95.40 and a 200-day moving average of $90.86.
Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after acquiring an additional 26,185 shares during the last quarter. Main Street Group LTD bought 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 position in iShares Residential and Multisector Real Estate ETF during the 4th quarter valued at about $26,000. Van ECK Associates Corp grew its position in iShares Residential and Multisector Real Estate ETF by 3.7% in the 4th quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after purchasing an additional 4,928 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares during the last quarter.
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.
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