iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 1-Year High – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high during trading on Friday . The company traded as high as $90.32 and last traded at $90.16, with a volume of 12206 shares changing hands. The stock had previously closed at $89.91.

iShares Residential and Multisector Real Estate ETF Stock Up 0.3%

The business’s 50-day simple moving average is $85.13 and its two-hundred day simple moving average is $84.30. The firm has a market capitalization of $842.81 million, a price-to-earnings ratio of 43.88 and a beta of 0.89.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 12,454 shares of the company’s stock worth $1,025,000 after buying an additional 2,017 shares during the period. Gamco Investors INC. ET AL acquired a new position in iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth about $4,156,000. Burns Matteson Capital Management LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 22.8% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 23,207 shares of the company’s stock valued at $1,972,000 after acquiring an additional 4,316 shares during the period. CX Institutional grew its position in iShares Residential and Multisector Real Estate ETF by 96.0% in the 3rd quarter. CX Institutional now owns 15,716 shares of the company’s stock valued at $1,335,000 after acquiring an additional 7,697 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its stake in iShares Residential and Multisector Real Estate ETF by 40.3% during the third quarter. Leavell Investment Management Inc. now owns 17,380 shares of the company’s stock worth $1,477,000 after purchasing an additional 4,996 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.