iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw an uptick in trading volume on Friday . 9,814 shares traded hands during trading, a decline of 73% from the previous session’s volume of 36,533 shares.The stock last traded at $76.67 and had previously closed at $76.61.

iShares Residential and Multisector Real Estate ETF Stock Up 0.5 %

The firm has a fifty day moving average price of $74.42 and a two-hundred day moving average price of $72.03. The stock has a market capitalization of $661.86 million, a P/E ratio of 25.27 and a beta of 0.87.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Burns Matteson Capital Management LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the first quarter valued at $745,000. Cornerstone Planning Group LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 11.6% during the first quarter. Cornerstone Planning Group LLC now owns 119,697 shares of the company’s stock valued at $8,623,000 after buying an additional 12,484 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 3.6% during the first quarter. Franklin Parlapiano Turner & Welch LLC now owns 459,056 shares of the company’s stock valued at $33,084,000 after buying an additional 15,972 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the first quarter valued at $2,417,000. Finally, Arkansas Financial Group Inc. boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 1.0% during the first quarter. Arkansas Financial Group Inc. now owns 22,510 shares of the company’s stock valued at $1,622,000 after buying an additional 233 shares during the last quarter.

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.