iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-high trading volume on Tuesday. 100,839 shares were traded during trading, an increase of 58% from the average daily volume of 63,872 shares. The stock last traded at $94.5110 and had previously closed at $95.62.

iShares Residential and Multisector Real Estate ETF Stock Down 0.5%

The company has a market cap of $841.55 million, a P/E ratio of 34.18 and a beta of 0.82. The stock has a 50 day moving average price of $90.74 and a two-hundred day moving average price of $90.71.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in REZ. Harbour Investments Inc. acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at about $293,000. Franklin Parlapiano Turner & Welch LLC acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth about $41,397,000. Lederer & Associates Investment Counsel CA bought a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at about $610,000. Kendall Capital Management bought a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at about $1,373,000. Finally, Burns Matteson Capital Management LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at about $1,285,000.

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.