iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $90.22 and traded as low as $89.49. iShares Residential and Multisector Real Estate ETF shares last traded at $89.77, with a volume of 215,204 shares changing hands.
iShares Residential and Multisector Real Estate ETF Stock Down 2.3%
The firm has a market cap of $789.98 million, a price-to-earnings ratio of 43.88 and a beta of 0.82. The business has a 50 day moving average of $91.19 and a 200 day moving average of $90.22.
Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF
Several hedge funds have recently modified their holdings of REZ. Main Street Group LTD acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth about $85,000. RVW Wealth LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at approximately $285,000. Farther Finance Advisors LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at approximately $511,000. Lederer & Associates Investment Counsel CA acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at approximately $610,000. Finally, CX Institutional purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at approximately $1,110,000.
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.
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