iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 1-Year High – Here’s Why

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high on Wednesday . The stock traded as high as $92.89 and last traded at $92.89, with a volume of 9955 shares traded. The stock had previously closed at $91.67.

iShares Residential and Multisector Real Estate ETF Trading Down 0.5%

The stock has a market capitalization of $860.01 million, a PE ratio of 43.88 and a beta of 0.85. The firm has a 50-day moving average price of $89.29 and a 200-day moving average price of $86.77.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Several institutional investors have recently added to or reduced their stakes in REZ. Monetary Solutions Ltd bought a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at about $26,000. Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF during the first quarter valued at about $85,000. Sound Income Strategies LLC grew 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 buying an additional 377 shares during the period. Farther Finance Advisors LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at about $533,000. Finally, Jones Financial Companies Lllp grew its position in iShares Residential and Multisector Real Estate ETF by 15.0% during the third quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock valued at $563,000 after buying an additional 874 shares during the period.

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.