iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares saw unusually-high trading volume on Monday . Approximately 138,281 shares traded hands during mid-day trading, an increase of 177% from the previous session’s volume of 49,868 shares.The stock last traded at $93.43 and had previously closed at $94.64.

iShares Residential and Multisector Real Estate ETF Stock Down 1.5%

The business has a fifty day moving average of $95.88 and a 200 day moving average of $91.15. The firm has a market cap of $848.67 million, a P/E ratio of 43.88 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 570.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after acquiring an additional 14,217 shares during the last quarter. Van ECK Associates Corp raised its stake in iShares Residential and Multisector Real Estate ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after acquiring an additional 23,895 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares Residential and Multisector Real Estate ETF by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after purchasing an additional 2,136 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in iShares Residential and Multisector Real Estate ETF by 7.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,702 shares of the company’s stock valued at $1,215,000 after purchasing an additional 996 shares during the last quarter. Finally, Monetary Solutions Ltd bought a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth $26,000.

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.