iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Strong Trading Volume – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Tuesday. Approximately 108,077 shares traded hands during trading, an increase of 83% from the previous session’s volume of 59,094 shares. The stock last traded at $90.4210 and had previously closed at $88.91.

iShares Residential and Multisector Real Estate ETF Trading Up 1.6%

The company has a 50 day simple moving average of $91.59 and a 200 day simple moving average of $91.89. The stock has a market capitalization of $803.95 million, a PE ratio of 43.88 and a beta of 0.82.

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

Large investors have recently modified their holdings of the stock. Burns Matteson Capital Management LLC purchased a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at $1,285,000. Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at $511,000. Congress Asset Management Co. acquired a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at $1,204,000. RVW Wealth LLC purchased a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth $285,000. Finally, CX Institutional purchased a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth $1,110,000.

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.