iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 52-Week High – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.62 and last traded at $97.62, with a volume of 1327 shares trading hands. The stock had previously closed at $96.36.

iShares Residential and Multisector Real Estate ETF Price Performance

The stock’s 50 day moving average is $91.41 and its 200-day moving average is $87.71. The company has a market capitalization of $910.11 million, a P/E ratio of 43.88 and a beta of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in REZ. Kendall Capital Management grew its stake in iShares Residential and Multisector Real Estate ETF by 1.4% in the third quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock worth $920,000 after purchasing an additional 146 shares during the period. Monetary Solutions Ltd purchased a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during 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 in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 7.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after buying an additional 996 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter valued at $85,000.

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.