iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 12-Month High – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.95 and last traded at $91.87, with a volume of 19469 shares traded. The stock had previously closed at $91.40.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a 50-day simple moving average of $87.29 and a 200-day simple moving average of $85.68. The company has a market cap of $858.98 million, a price-to-earnings ratio of 43.88 and a beta of 0.86.

Hedge Funds 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. Monetary Solutions Ltd acquired a new position in iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $26,000. Main Street Group LTD purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth approximately $85,000. Sound Income Strategies LLC boosted its stake 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 worth $201,000 after acquiring an additional 377 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter worth approximately $533,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock worth $563,000 after acquiring an additional 874 shares in the last quarter.

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.