iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares saw unusually-high trading volume on Thursday . 138,760 shares were traded during mid-day trading, an increase of 181% from the previous session’s volume of 49,375 shares.The stock last traded at $95.05 and had previously closed at $93.69.

iShares Residential and Multisector Real Estate ETF Trading Up 0.3%

The business’s fifty day moving average price is $94.93 and its 200 day moving average price is $90.31. The company has a market capitalization of $868.23 million, a P/E ratio of 43.88 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in iShares Residential and Multisector Real Estate ETF by 570.3% during the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after purchasing an additional 14,217 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock worth $11,416,000 after buying an additional 23,895 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock worth $13,312,000 after buying an additional 2,136 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $533,000. Finally, Lederer & Associates Investment Counsel CA lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 190.7% during the 4th quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 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.