iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw an uptick in trading volume on Tuesday. 100,839 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 63,872 shares. The stock last traded at $94.5110 and had previously closed at $95.62.

iShares Residential and Multisector Real Estate ETF Price Performance

The business’s 50 day moving average price is $90.69 and its 200 day moving average price is $90.60. The stock has a market capitalization of $842.22 million, a P/E ratio of 43.88 and a beta of 0.81.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in REZ. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter valued at $85,000. RVW Wealth LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $285,000. Harbour Investments Inc. purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth $293,000. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter worth $511,000. Finally, Lederer & Associates Investment Counsel CA bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter worth $610,000.

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.