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) shares saw strong trading volume on Monday . 114,856 shares traded hands during trading, an increase of 38% from the previous session’s volume of 83,371 shares.The stock last traded at $88.13 and had previously closed at $89.02.

iShares Residential and Multisector Real Estate ETF Price Performance

The firm has a 50 day simple moving average of $87.21 and a 200-day simple moving average of $82.70. The company has a market cap of $754.39 million, a price-to-earnings ratio of 25.27 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in iShares Residential and Multisector Real Estate ETF in the second quarter valued at $27,000. Lynx Investment Advisory purchased a new stake in iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth about $56,000. Lederer & Associates Investment Counsel CA purchased a new stake in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth about $211,000. Burns Matteson Capital Management LLC lifted its holdings in iShares Residential and Multisector Real Estate ETF by 31.0% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock worth $1,560,000 after buying an additional 4,154 shares during the last quarter. Finally, Arkansas Financial Group Inc. lifted its holdings in iShares Residential and Multisector Real Estate ETF by 14.6% during the 3rd quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock worth $2,417,000 after buying an additional 3,456 shares during the last quarter.

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.