iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 52-Week High – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $97.62 and last traded at $97.62, with a volume of 1327 shares trading hands. The stock had previously closed at $96.36.

iShares Residential and Multisector Real Estate ETF Trading Up 2.1%

The company’s 50 day moving average price is $91.41 and its two-hundred day moving average price is $87.71. The stock has a market cap of $910.11 million, a P/E ratio of 43.88 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of iShares Residential and Multisector Real Estate ETF by 570.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,217 shares during the period. Van ECK Associates Corp raised its holdings in iShares Residential and Multisector Real Estate ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock worth $11,416,000 after purchasing an additional 23,895 shares during the period. Kendall Capital Management raised its holdings in iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock worth $920,000 after purchasing an additional 146 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Residential and Multisector Real Estate ETF by 1.4% during 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 in the last quarter. Finally, Sound Income Strategies LLC lifted its position in 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.

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.