iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Stock Price Down 0.4% – Should You Sell?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price dropped 0.4% during trading on Monday . The company traded as low as $84.73 and last traded at $84.75. Approximately 49,342 shares traded hands during trading, a decline of 24% from the average daily volume of 65,158 shares. The stock had previously closed at $85.06.

iShares Residential and Multisector Real Estate ETF Stock Down 0.4%

The stock’s fifty day moving average price is $86.46 and its 200 day moving average price is $84.80. The stock has a market cap of $800.89 million, a PE ratio of 43.88 and a beta of 0.89.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Monetary Solutions Ltd purchased a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 19.3% in the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter worth approximately $533,000. Jones Financial Companies Lllp boosted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in the third quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock worth $563,000 after purchasing an additional 874 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA boosted its holdings in iShares Residential and Multisector Real Estate ETF by 190.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after purchasing an additional 4,530 shares during 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.