iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Time to Buy?

by · The Markets Daily

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 100,839 shares were traded during trading, an increase of 58% from the average daily volume of 63,872 shares. The stock last traded at $94.5110 and had previously closed at $95.62.

iShares Residential and Multisector Real Estate ETF Stock Down 0.5%

The firm’s fifty day simple moving average is $90.69 and its 200-day simple moving average is $90.60. The firm has a market capitalization of $842.22 million, a PE ratio of 43.88 and a beta of 0.81.

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

Several institutional investors and hedge funds have recently made changes to their positions in REZ. Main Street Group LTD bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter worth $85,000. RVW Wealth LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at $285,000. Harbour Investments Inc. purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at $293,000. Farther Finance Advisors LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth about $511,000. Finally, Lederer & Associates Investment Counsel CA bought a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth about $610,000.

iShares Residential and Multisector Real Estate ETF Company Profile

(Get Free Report)

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.

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