iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Strong Trading Volume – Here’s Why

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw strong trading volume on Tuesday. Approximately 63,605 shares traded hands during trading, an increase of 5% from the average daily volume of 60,392 shares. The stock last traded at $90.3990 and had previously closed at $91.90.

iShares Residential and Multisector Real Estate ETF Stock Down 1.9%

The company has a market capitalization of $793.45 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. The business has a 50-day moving average price of $91.28 and a 200-day moving average price of $90.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of REZ. Main Street Group LTD acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at about $85,000. RVW Wealth LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $285,000. Farther Finance Advisors LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at about $511,000. Lederer & Associates Investment Counsel CA acquired a new position in iShares Residential and Multisector Real Estate ETF during the third quarter valued at approximately $610,000. Finally, CX Institutional bought a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $1,110,000.

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.