Cornerstone Planning Group LLC Has $18.06 Million Stake in iShares Residential and Multisector Real Estate ETF $REZ

Cornerstone Planning Group LLC raised its stake in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) by 15.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,966 shares of the company’s stock after buying an additional 26,185 shares during the quarter. iShares Residential and Multisector Real Estate ETF comprises about 2.5% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 9th biggest holding. Cornerstone Planning Group LLC owned about 2.15% of iShares Residential and Multisector Real Estate ETF worth $18,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 570.3% during the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,217 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $533,000. Lederer & Associates Investment Counsel CA boosted its stake in iShares Residential and Multisector Real Estate ETF by 190.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after purchasing an additional 4,530 shares in the last quarter. Sound Income Strategies LLC boosted its stake 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 purchasing an additional 377 shares in the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC boosted its stake in iShares Residential and Multisector Real Estate ETF by 1.1% in the 4th 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 Stock Performance

Shares of REZ stock opened at $97.81 on Friday. The company has a market capitalization of $899.85 million, a price-to-earnings ratio of 43.88 and a beta of 0.83. iShares Residential and Multisector Real Estate ETF has a one year low of $80.45 and a one year high of $99.23. The company’s 50-day moving average is $92.57 and its 200 day moving average is $88.53.

iShares Residential and Multisector Real Estate ETF 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.