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

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw strong trading volume on Monday . 66,915 shares traded hands during trading, a decline of 18% from the previous session’s volume of 81,789 shares.The stock last traded at $86.34 and had previously closed at $86.55.

iShares Residential and Multisector Real Estate ETF Trading Up 0.4 %

The business has a 50-day moving average of $87.54 and a 200 day moving average of $81.65. The firm has a market capitalization of $747.51 million, a PE ratio of 25.27 and a beta of 0.87.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Christopher J. Hasenberg Inc purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at $12,517,000. Van ECK Associates Corp lifted its holdings in iShares Residential and Multisector Real Estate ETF by 92.3% during the 2nd quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock worth $4,964,000 after purchasing an additional 30,942 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in iShares Residential and Multisector Real Estate ETF in the 1st quarter worth about $745,000. Cornerstone Planning Group LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 5.1% during the 3rd quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after buying an additional 6,632 shares in the last quarter. Finally, Arkansas Financial Group Inc. increased its position in shares of iShares Residential and Multisector Real Estate ETF by 14.6% during the third quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock valued at $2,417,000 after buying an additional 3,456 shares during the period.

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.