JPMorgan Chase & Co. Buys 14,217 Shares of iShares Residential and Multisector Real Estate ETF $REZ

JPMorgan Chase & Co. lifted its stake in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) by 570.3% in the third quarter, HoldingsChannel reports. The fund owned 16,710 shares of the company’s stock after acquiring an additional 14,217 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Residential and Multisector Real Estate ETF were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in REZ. Jones Financial Companies Lllp grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock valued at $563,000 after acquiring an additional 874 shares during the period. Kendall Capital Management grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the 3rd quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock valued at $920,000 after acquiring an additional 146 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 10.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,706 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,252 shares during the period. CX Institutional grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 96.0% during the 3rd quarter. CX Institutional now owns 15,716 shares of the company’s stock valued at $1,335,000 after acquiring an additional 7,697 shares during the period. Finally, Leavell Investment Management Inc. grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 40.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 17,380 shares of the company’s stock valued at $1,477,000 after acquiring an additional 4,996 shares during the period.

iShares Residential and Multisector Real Estate ETF Trading Up 1.5%

Shares of NYSEARCA:REZ opened at $86.29 on Thursday. The stock has a 50 day moving average of $86.57 and a 200 day moving average of $84.83. The company has a market cap of $819.76 million, a PE ratio of 43.88 and a beta of 0.88. iShares Residential and Multisector Real Estate ETF has a 12-month low of $73.23 and a 12-month high of $90.55.

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.