iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 1-Year High – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $98.96 and last traded at $98.96, with a volume of 8371 shares. The stock had previously closed at $98.12.

iShares Residential and Multisector Real Estate ETF Stock Performance

The firm has a market cap of $899.85 million, a price-to-earnings ratio of 43.88 and a beta of 0.83. The stock’s fifty day moving average is $92.57 and its two-hundred day moving average is $88.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Monetary Solutions Ltd bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at approximately $26,000. Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF in the 1st quarter worth approximately $85,000. Sound Income Strategies LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 19.3% in the 4th quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after buying an additional 377 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at approximately $533,000. Finally, Lederer & Associates Investment Counsel CA increased its position in iShares Residential and Multisector Real Estate ETF by 190.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock valued at $571,000 after acquiring an additional 4,530 shares during the period.

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.