iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 52-Week High at $91.64

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $91.64 and last traded at $91.03, with a volume of 10704 shares traded. The stock had previously closed at $91.19.

iShares Residential and Multisector Real Estate ETF Stock Performance

The firm’s 50-day simple moving average is $83.29 and its two-hundred day simple moving average is $76.48. The stock has a market cap of $775.72 million, a price-to-earnings ratio of 25.27 and a beta of 0.87.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fairscale Capital LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 2nd quarter valued at $27,000. Van ECK Associates Corp lifted its stake in iShares Residential and Multisector Real Estate ETF by 92.3% in the second quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock valued at $4,964,000 after buying an additional 30,942 shares during the period. Lynx Investment Advisory bought a new position in iShares Residential and Multisector Real Estate ETF during the second quarter worth about $56,000. Burns Matteson Capital Management LLC boosted its holdings in iShares Residential and Multisector Real Estate ETF by 29.7% during the second quarter. Burns Matteson Capital Management LLC now owns 13,409 shares of the company’s stock worth $1,032,000 after buying an additional 3,070 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of iShares Residential and Multisector Real Estate ETF by 11.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 119,697 shares of the company’s stock worth $8,623,000 after buying an additional 12,484 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.