iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sets New 52-Week High – Here’s What Happened

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares reached a new 52-week high on Tuesday . The stock traded as high as $97.62 and last traded at $97.62, with a volume of 1327 shares. The stock had previously closed at $96.36.

iShares Residential and Multisector Real Estate ETF Stock Down 2.0%

The firm has a market cap of $884.21 million, a P/E ratio of 43.88 and a beta of 0.83. The business’s 50 day moving average is $91.74 and its two-hundred day moving average is $87.91.

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

A number of hedge funds have recently added to or reduced their stakes in REZ. 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 valued at $1,420,000 after acquiring an additional 14,217 shares during the period. Van ECK Associates Corp increased its stake in iShares Residential and Multisector Real Estate ETF by 21.6% in the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after purchasing an additional 23,895 shares in the last quarter. Kendall Capital Management raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the third quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock valued at $920,000 after purchasing an additional 146 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after purchasing an additional 2,136 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during 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.

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.