Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw unusually-strong trading volume on Monday . 138,281 shares changed hands during mid-day trading, an increase of 177% from the previous session’s volume of 49,868 shares.The stock last traded at $93.43 and had previously closed at $94.64.
iShares Residential and Multisector Real Estate ETF Trading Down 1.5%
The firm’s 50 day simple moving average is $95.88 and its 200-day simple moving average is $91.15. The stock has a market capitalization of $848.67 million, a price-to-earnings ratio of 43.88 and a beta of 0.83.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of REZ. Cornerstone Planning Group LLC boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after buying an additional 26,185 shares during the last quarter. Main Street Group LTD acquired a new position in iShares Residential and Multisector Real Estate ETF during the first quarter worth $85,000. Monetary Solutions Ltd bought a new stake in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth $26,000. Van ECK Associates Corp raised its position in iShares Residential and Multisector Real Estate ETF by 3.7% during the fourth quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after acquiring an additional 4,928 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted 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 last quarter.
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.
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