iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $95.40 and last traded at $94.69, with a volume of 30166 shares. The stock had previously closed at $95.40.
iShares Residential and Multisector Real Estate ETF Price Performance
The firm’s fifty day moving average price is $90.71 and its 200-day moving average price is $87.33. The company has a market capitalization of $885.35 million, a price-to-earnings ratio of 43.88 and a beta of 0.85.
Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Monetary Solutions Ltd acquired a new position in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $26,000. Main Street Group LTD acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the first quarter valued at about $85,000. Sound Income Strategies LLC boosted its stake in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock valued at $201,000 after purchasing an additional 377 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $533,000. Finally, Lederer & Associates Investment Counsel CA grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 190.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after purchasing an additional 4,530 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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