iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – What’s Next?

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $90.32 and last traded at $90.16, with a volume of 12206 shares changing hands. The stock had previously closed at $89.91.

iShares Residential and Multisector Real Estate ETF Trading Down 0.4%

The firm has a market cap of $837.48 million, a PE ratio of 43.88 and a beta of 0.89. The company has a 50 day moving average price of $85.28 and a 200 day moving average price of $84.37.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake 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 buying 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 during the 2nd quarter valued at about $4,156,000. Burns Matteson Capital Management LLC raised its position in iShares Residential and Multisector Real Estate ETF by 22.8% during the third quarter. Burns Matteson Capital Management LLC now owns 23,207 shares of the company’s stock worth $1,972,000 after acquiring an additional 4,316 shares during the last quarter. CX Institutional lifted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 96.0% in the third quarter. CX Institutional now owns 15,716 shares of the company’s stock valued at $1,335,000 after purchasing an additional 7,697 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 40.3% in the third quarter. Leavell Investment Management Inc. now owns 17,380 shares of the company’s stock valued at $1,477,000 after purchasing an additional 4,996 shares in 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.