iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 1-Year High – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during trading on Thursday . The company traded as high as $93.41 and last traded at $93.41, with a volume of 14979 shares changing hands. The stock had previously closed at $92.52.

iShares Residential and Multisector Real Estate ETF Stock Performance

The firm’s 50 day moving average is $90.21 and its 200-day moving average is $87.03. The company has a market cap of $873.38 million, a PE ratio of 43.88 and a beta of 0.85.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $26,000. Main Street Group LTD acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at $85,000. Sound Income Strategies LLC raised 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 valued at $201,000 after buying an additional 377 shares during the period. Farther Finance Advisors LLC purchased a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth about $533,000. Finally, Lederer & Associates Investment Counsel CA boosted its stake in iShares Residential and Multisector Real Estate ETF by 190.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 shares during the period.

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.