iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – What’s Next?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $91.95 and last traded at $91.87, with a volume of 19469 shares traded. The stock had previously closed at $91.40.

iShares Residential and Multisector Real Estate ETF Stock Down 0.8%

The stock has a market capitalization of $852.91 million, a price-to-earnings ratio of 43.88 and a beta of 0.86. The company’s 50-day simple moving average is $87.36 and its 200 day simple moving average is $85.78.

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

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after purchasing an additional 14,217 shares during the period. Farther Finance Advisors LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at approximately $533,000. Ameriprise Financial Inc. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after purchasing an additional 2,136 shares during the period. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the first quarter valued at approximately $85,000. Finally, Monetary Solutions Ltd bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at approximately $26,000.

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.