iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 1-Year High at $80.52

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $80.52 and last traded at $80.52, with a volume of 1452 shares trading hands. The stock had previously closed at $79.92.

iShares Residential and Multisector Real Estate ETF Trading Up 0.7 %

The stock has a market capitalization of $691.96 million, a P/E ratio of 25.27 and a beta of 0.87. The stock’s fifty day moving average price is $75.45 and its two-hundred day moving average price is $72.29.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Parlapiano Turner & Welch LLC raised its holdings in iShares Residential and Multisector Real Estate ETF by 3.3% in the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 443,084 shares of the company’s stock worth $32,576,000 after purchasing an additional 14,146 shares in the last quarter. Partners Capital Investment Group LLP lifted its holdings in iShares Residential and Multisector Real Estate ETF by 2.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 57,980 shares of the company’s stock worth $4,263,000 after buying an additional 1,166 shares during the period. Jones Financial Companies Lllp purchased a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter worth about $225,000. Arkansas Financial Group Inc. grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 2.7% during the 4th quarter. Arkansas Financial Group Inc. now owns 22,277 shares of the company’s stock worth $1,638,000 after acquiring an additional 593 shares during the period. Finally, ARK & TLK Investments LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth approximately $250,000.

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.