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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $93.41 and last traded at $93.41, with a volume of 14979 shares traded. The stock had previously closed at $92.52.

iShares Residential and Multisector Real Estate ETF Price Performance

The company has a market cap of $873.38 million, a PE ratio of 43.88 and a beta of 0.85. The company has a 50-day moving average price of $90.21 and a two-hundred day moving average price of $87.03.

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

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares during the last quarter. Main Street Group LTD bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter valued at about $85,000. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $26,000. Van ECK Associates Corp boosted its stake in iShares Residential and Multisector Real Estate ETF by 3.7% in the fourth quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock valued at $11,510,000 after acquiring an additional 4,928 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in iShares Residential and Multisector Real Estate ETF by 7.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after acquiring an additional 996 shares during the period.

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.