iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.60 and last traded at $92.49, with a volume of 2047 shares trading hands. The stock had previously closed at $91.63.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a market capitalization of $861.23 million, a PE ratio of 43.88 and a beta of 0.86. The business’s 50-day moving average is $87.75 and its 200-day moving average is $86.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Franklin Parlapiano Turner & Welch LLC lifted its position in iShares Residential and Multisector Real Estate ETF by 1.1% during the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock valued at $40,996,000 after acquiring an additional 5,303 shares during the period. Cornerstone Planning Group LLC lifted its position in iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock valued at $18,057,000 after acquiring an additional 26,185 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Residential and Multisector Real Estate ETF by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after acquiring an additional 2,136 shares during the period. Van ECK Associates Corp lifted its position in iShares Residential and Multisector Real Estate ETF by 3.7% during the 4th 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, AXS Investments LLC increased its stake in iShares Residential and Multisector Real Estate ETF by 6.1% during the 3rd quarter. AXS Investments LLC now owns 72,489 shares of the company’s stock valued at $6,159,000 after purchasing an additional 4,199 shares in the last quarter.

About iShares Residential and Multisector Real Estate ETF

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.