iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Strong Trading Volume – Here’s Why

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw strong trading volume on Wednesday. 62,020 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 50,948 shares. The stock last traded at $88.7890 and had previously closed at $89.17.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company’s 50 day simple moving average is $94.13 and its 200 day simple moving average is $91.55. The stock has a market cap of $800.28 million, a PE ratio of 43.88 and a beta of 0.82.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% during the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after acquiring an additional 26,185 shares during the period. Main Street Group LTD purchased a new position in iShares Residential and Multisector Real Estate ETF in the first quarter worth $85,000. Finally, Monetary Solutions Ltd purchased a new position in iShares Residential and Multisector Real Estate ETF in the fourth quarter worth $26,000.

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.