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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Tuesday. 63,605 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 60,392 shares. The stock last traded at $90.3990 and had previously closed at $91.90.

iShares Residential and Multisector Real Estate ETF Trading Down 1.9%

The stock has a market cap of $793.45 million, a PE ratio of 43.88 and a beta of 0.82. The company’s 50 day moving average is $91.28 and its 200-day moving average is $90.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the first quarter worth about $85,000. RVW Wealth LLC acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth about $285,000. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the third quarter valued at approximately $511,000. Lederer & Associates Investment Counsel CA acquired a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth $610,000. Finally, CX Institutional acquired a new position in iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at about $1,110,000.

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.