iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Strong Trading Volume – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Thursday . Approximately 48,948 shares were traded during trading, a decline of 44% from the previous session’s volume of 87,893 shares.The stock last traded at $80.88 and had previously closed at $80.22.

iShares Residential and Multisector Real Estate ETF Price Performance

The company has a 50 day simple moving average of $86.36 and a 200-day simple moving average of $83.61. The stock has a market cap of $692.90 million, a P/E ratio of 25.27 and a beta of 0.87.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 5.1% during the 3rd quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after buying an additional 6,632 shares in the last quarter. Lederer & Associates Investment Counsel CA bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at approximately $211,000. Burns Matteson Capital Management LLC grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 31.0% in the third quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock valued at $1,560,000 after purchasing an additional 4,154 shares in the last quarter. Christopher J. Hasenberg Inc bought a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $12,517,000. Finally, Arkansas Financial Group Inc. raised its stake in iShares Residential and Multisector Real Estate ETF by 14.6% during the third quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock valued at $2,417,000 after purchasing an additional 3,456 shares in 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.