iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 1-Year High – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during trading on Friday . The stock traded as high as $90.61 and last traded at $90.49, with a volume of 8104 shares. The stock had previously closed at $90.32.

iShares Residential and Multisector Real Estate ETF Trading Down 0.2%

The company has a market cap of $842.72 million, a PE ratio of 43.88 and a beta of 0.86. The firm’s fifty day moving average is $87.09 and its 200 day moving average is $85.37.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Monetary Solutions Ltd purchased a new stake in iShares Residential and Multisector Real Estate ETF in the 4th quarter worth $26,000. Sound Income Strategies LLC increased its holdings in iShares Residential and Multisector Real Estate ETF by 19.3% in 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 iShares Residential and Multisector Real Estate ETF in the 4th quarter worth $533,000. Jones Financial Companies Lllp increased its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in 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. Finally, Lederer & Associates Investment Counsel CA grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 190.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 shares in the last quarter.

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.