iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 12-Month High – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $92.60 and last traded at $92.49, with a volume of 2047 shares traded. The stock had previously closed at $91.63.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company’s 50-day moving average price is $87.75 and its 200 day moving average price is $86.20. The stock has a market capitalization of $861.23 million, a PE ratio of 43.88 and a beta of 0.86.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 15.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares during the period. Main Street Group LTD purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter worth about $85,000. Monetary Solutions Ltd purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $26,000. Van ECK Associates Corp lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 3.7% in the 4th quarter. Van ECK Associates Corp now owns 139,276 shares of the company’s stock worth $11,510,000 after purchasing an additional 4,928 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of iShares Residential and Multisector Real Estate ETF by 7.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock worth $1,215,000 after purchasing an additional 996 shares during the period.

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.