iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Trading 2.4% Higher – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price rose 2.4% on Monday . The stock traded as high as $81.52 and last traded at $81.17. 41,168 shares were traded during mid-day trading, a decline of 70% from the average session volume of 136,477 shares. The stock had previously closed at $79.27.

iShares Residential and Multisector Real Estate ETF Stock Up 2.4 %

The business’s 50-day simple moving average is $83.99 and its two-hundred day simple moving average is $84.21. The firm has a market capitalization of $811.70 million, a price-to-earnings ratio of 38.02 and a beta of 1.00.

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

Several large investors have recently added to or reduced their stakes in REZ. Golden State Wealth Management LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at about $45,000. JPMorgan Chase & Co. lifted its stake in iShares Residential and Multisector Real Estate ETF by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 730 shares of the company’s stock worth $65,000 after acquiring an additional 224 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in iShares Residential and Multisector Real Estate ETF by 32.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,857 shares of the company’s stock worth $313,000 after acquiring an additional 952 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in iShares Residential and Multisector Real Estate ETF by 40.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,941 shares of the company’s stock worth $400,000 after acquiring an additional 1,424 shares in the last quarter. Finally, M Holdings Securities Inc. purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $703,000.

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.