iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,770 shares of the company’s stock after selling 9,564 shares during the period. Ameriprise Financial Inc. owned about 1.93% of iShares Residential and Multisector Real Estate ETF worth $13,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of REZ. JPMorgan Chase & Co. lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 44.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730 shares of the company’s stock valued at $65,000 after acquiring an additional 224 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 32.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,857 shares of the company’s stock valued at $313,000 after acquiring an additional 952 shares during the period. Arkansas Financial Group Inc. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 8.8% during the 4th quarter. Arkansas Financial Group Inc. now owns 29,598 shares of the company’s stock worth $2,398,000 after purchasing an additional 2,391 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $45,000. Finally, Cornerstone Planning Group LLC raised its position in shares of iShares Residential and Multisector Real Estate ETF by 4.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 141,362 shares of the company’s stock worth $11,736,000 after purchasing an additional 5,411 shares during the last quarter.

iShares Residential and Multisector Real Estate ETF Price Performance

Shares of iShares Residential and Multisector Real Estate ETF stock opened at $84.23 on Friday. iShares Residential and Multisector Real Estate ETF has a 1 year low of $71.19 and a 1 year high of $91.64. The company has a market capitalization of $825.45 million, a P/E ratio of 37.90 and a beta of 0.92. The business has a 50 day moving average price of $82.84 and a 200 day moving average price of $83.56.

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.