Kendall Capital Management Makes New Investment in iShares Residential and Multisector Real Estate ETF $REZ

Kendall Capital Management acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,544 shares of the company’s stock, valued at approximately $1,373,000. Kendall Capital Management owned about 0.18% of iShares Residential and Multisector Real Estate ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in REZ. Cornerstone Planning Group LLC raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after acquiring an additional 26,185 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at about $1,285,000. Congress Asset Management Co. bought a new position in iShares Residential and Multisector Real Estate ETF in the 3rd quarter valued at about $1,204,000. CX Institutional acquired a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at about $1,110,000. Finally, Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at about $511,000.

iShares Residential and Multisector Real Estate ETF Stock Performance

Shares of REZ opened at $91.55 on Friday. The stock has a 50 day moving average price of $91.31 and a two-hundred day moving average price of $92.01. The firm has a market capitalization of $805.64 million, a P/E ratio of 43.88 and a beta of 0.82. iShares Residential and Multisector Real Estate ETF has a 52 week low of $80.86 and a 52 week high of $100.43.

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.