iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Trading 0.7% Higher – What’s Next?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares were up 0.7% during mid-day trading on Friday . The stock traded as high as $84.03 and last traded at $84.03. Approximately 102,227 shares were traded during trading, an increase of 38% from the average daily volume of 73,831 shares. The stock had previously closed at $83.44.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a market capitalization of $781.48 million, a P/E ratio of 43.88 and a beta of 0.89. The firm’s fifty day moving average is $84.11 and its 200 day moving average is $83.67.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL purchased a new position in iShares Residential and Multisector Real Estate ETF in the 2nd quarter worth $4,156,000. CX Institutional grew its stake in iShares Residential and Multisector Real Estate ETF by 96.0% during the 3rd quarter. CX Institutional now owns 15,716 shares of the company’s stock valued at $1,335,000 after purchasing an additional 7,697 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 97.0% in the second quarter. Leavell Investment Management Inc. now owns 12,384 shares of the company’s stock valued at $1,020,000 after purchasing an additional 6,097 shares during the period. Franklin Parlapiano Turner & Welch LLC raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 0.6% in the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,807 shares of the company’s stock worth $39,096,000 after purchasing an additional 3,003 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 12,454 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,017 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.