iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 52-Week High – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $91.41 and last traded at $91.18, with a volume of 20197 shares traded. The stock had previously closed at $89.85.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a market cap of $852.44 million, a PE ratio of 43.88 and a beta of 0.86. The firm has a fifty day simple moving average of $87.17 and a 200 day simple moving average of $85.54.

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

Institutional investors have recently bought and sold shares of the stock. CX Institutional grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 96.0% during the 3rd quarter. CX Institutional now owns 15,716 shares of the company’s stock valued at $1,335,000 after buying an additional 7,697 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after buying an additional 14,217 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth $533,000. Lederer & Associates Investment Counsel CA boosted its holdings in iShares Residential and Multisector Real Estate ETF by 190.7% in the fourth 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 last quarter. Finally, Franklin Parlapiano Turner & Welch LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 1.1% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock valued at $40,996,000 after acquiring an additional 5,303 shares during 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.