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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $99.27 and last traded at $99.27, with a volume of 41645 shares changing hands. The stock had previously closed at $97.95.

iShares Residential and Multisector Real Estate ETF Trading Up 1.3%

The company has a market cap of $913.28 million, a price-to-earnings ratio of 43.88 and a beta of 0.83. The firm’s fifty day moving average price is $93.06 and its 200-day moving average price is $88.99.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REZ. Franklin Parlapiano Turner & Welch LLC raised its position in shares of iShares Residential and Multisector Real Estate ETF by 1.1% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock valued at $40,996,000 after purchasing an additional 5,303 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after buying an additional 26,185 shares during the period. Ameriprise Financial Inc. grew its stake in iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after buying an additional 2,136 shares during the last quarter. Van ECK Associates Corp grew its stake in iShares Residential and Multisector Real Estate ETF by 3.7% in the 4th quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock valued at $11,510,000 after buying an additional 4,928 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in iShares Residential and Multisector Real Estate ETF by 570.3% in the 3rd 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 during the period.

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.