iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 12-Month High – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $95.40 and last traded at $94.69, with a volume of 30166 shares trading hands. The stock had previously closed at $95.40.

iShares Residential and Multisector Real Estate ETF Trading Up 1.8%

The firm’s fifty day moving average is $91.02 and its 200-day moving average is $87.52. The stock has a market capitalization of $901.32 million, a PE ratio of 43.88 and a beta of 0.83.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased 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 worth $18,057,000 after purchasing an additional 26,185 shares during the period. Van ECK Associates Corp grew its holdings in iShares Residential and Multisector Real Estate ETF by 21.6% during the 3rd quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock worth $11,416,000 after acquiring an additional 23,895 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 570.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth $533,000. Finally, Franklin Parlapiano Turner & Welch LLC grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 1.1% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after purchasing an additional 5,303 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.