iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sets New 12-Month High – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares hit a new 52-week high during mid-day trading on Friday . The stock 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 Stock Up 1.4%

The company has a market cap of $913.74 million, a price-to-earnings ratio of 43.88 and a beta of 0.83. The stock’s 50-day simple moving average is $93.25 and its 200 day simple moving average is $89.06.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the first 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. Main Street Group LTD purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at $85,000. Monetary Solutions Ltd purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at $26,000. Van ECK Associates Corp lifted its stake in iShares Residential and Multisector Real Estate ETF by 3.7% during the 4th quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after acquiring an additional 4,928 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in iShares Residential and Multisector Real Estate ETF by 7.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after acquiring an additional 996 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.