iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Trading 0.7% Higher – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares were up 0.7% during trading on Friday . The company traded as high as $84.03 and last traded at $84.03. Approximately 102,227 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 73,831 shares. The stock had previously closed at $83.44.

iShares Residential and Multisector Real Estate ETF Trading Up 0.7%

The firm’s fifty day moving average price is $84.11 and its two-hundred day moving average price is $83.67. The stock has a market capitalization of $781.48 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

Several hedge funds have recently modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC lifted its holdings in iShares Residential and Multisector Real Estate ETF by 0.6% during the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,807 shares of the company’s stock valued at $39,096,000 after purchasing an additional 3,003 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 97.0% during the second quarter. Leavell Investment Management Inc. now owns 12,384 shares of the company’s stock worth $1,020,000 after purchasing an additional 6,097 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 12,454 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,017 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in iShares Residential and Multisector Real Estate ETF in the 2nd quarter valued at about $4,156,000. Finally, Burns Matteson Capital Management LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 22.8% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 23,207 shares of the company’s stock worth $1,972,000 after buying an additional 4,316 shares during the last quarter.

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.