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 reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $89.33 and last traded at $89.30, with a volume of 91815 shares trading hands. The stock had previously closed at $87.72.

iShares Residential and Multisector Real Estate ETF Stock Up 1.1%

The business’s fifty day moving average price is $84.05 and its 200 day moving average price is $83.86. The firm has a market capitalization of $832.52 million, a PE ratio of 43.88 and a beta of 0.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of REZ. Gamco Investors INC. ET AL purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth $4,156,000. CX Institutional increased its stake in 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 during the last quarter. Leavell Investment Management Inc. lifted its position in iShares Residential and Multisector Real Estate ETF by 97.0% during the second quarter. Leavell Investment Management Inc. now owns 12,384 shares of the company’s stock worth $1,020,000 after buying an additional 6,097 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in iShares Residential and Multisector Real Estate ETF by 19.3% in 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. Finally, AXS Investments LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 6.1% in the 3rd quarter. AXS Investments LLC now owns 72,489 shares of the company’s stock valued at $6,159,000 after buying an additional 4,199 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.