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

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-high trading volume on Monday . Approximately 114,856 shares changed hands during trading, an increase of 38% from the previous session’s volume of 83,371 shares.The stock last traded at $88.13 and had previously closed at $89.02.

iShares Residential and Multisector Real Estate ETF Trading Down 1.1 %

The company has a 50 day moving average of $87.08 and a 200 day moving average of $82.87. The firm has a market cap of $744.16 million, a price-to-earnings ratio of 25.27 and a beta of 0.87.

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

A number of hedge funds have recently made changes to their positions in REZ. Christopher J. Hasenberg Inc bought a new stake in iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth approximately $12,517,000. Van ECK Associates Corp grew its holdings in shares of iShares Residential and Multisector Real Estate ETF by 92.3% during the second quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock worth $4,964,000 after purchasing an additional 30,942 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 5.1% in the third quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after buying an additional 6,632 shares in the last quarter. Burns Matteson Capital Management LLC raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 31.0% in the third quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock valued at $1,560,000 after buying an additional 4,154 shares during the last quarter. Finally, Arkansas Financial Group Inc. raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 14.6% in the third quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock valued at $2,417,000 after buying an additional 3,456 shares during the last quarter.

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.