Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw strong trading volume on Wednesday . 301,507 shares traded hands during trading, an increase of 432% from the previous session’s volume of 56,627 shares.The stock last traded at $87.34 and had previously closed at $87.37.
iShares Residential and Multisector Real Estate ETF Stock Performance
The stock has a market capitalization of $750.09 million, a P/E ratio of 25.27 and a beta of 0.87. The business has a 50 day simple moving average of $81.51 and a 200-day simple moving average of $75.41.
Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in REZ. Arkansas Financial Group Inc. raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 1.0% in the first quarter. Arkansas Financial Group Inc. now owns 22,510 shares of the company’s stock valued at $1,622,000 after acquiring an additional 233 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the second quarter valued at about $27,000. Lynx Investment Advisory acquired a new position in iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth about $56,000. Partners Capital Investment Group LLP grew its holdings in iShares Residential and Multisector Real Estate ETF by 2.1% during the 4th quarter. Partners Capital Investment Group LLP now owns 57,980 shares of the company’s stock worth $4,263,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at about $225,000.
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.
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