iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report)’s stock price 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.
iShares Residential and Multisector Real Estate ETF Stock Up 2.1%
The stock’s fifty day simple moving average is $90.97 and its two-hundred day simple moving average is $90.28. The firm has a market cap of $785.78 million, a PE ratio of 43.88 and a beta of 0.82.
Institutional Trading of iShares Residential and Multisector Real Estate ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its stake 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 valued at $18,057,000 after buying an additional 26,185 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $511,000. Burns Matteson Capital Management LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $1,285,000. CX Institutional bought a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter worth $1,110,000. Finally, Congress Asset Management Co. purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter worth $1,204,000.
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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