iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Down 0.4% – Here’s What Happened

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) fell 0.4% during mid-day trading on Monday . The stock traded as low as $84.73 and last traded at $84.75. 49,342 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 65,158 shares. The stock had previously closed at $85.06.

iShares Residential and Multisector Real Estate ETF Price Performance

The firm has a fifty day moving average of $86.49 and a 200 day moving average of $84.82. The stock has a market capitalization of $819.76 million, a price-to-earnings ratio of 43.88 and a beta of 0.88.

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

Several institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL acquired a new stake in iShares Residential and Multisector Real Estate ETF during the second quarter valued at $4,156,000. CX Institutional raised its position in shares of iShares Residential and Multisector Real Estate ETF by 96.0% in the third quarter. CX Institutional now owns 15,716 shares of the company’s stock worth $1,335,000 after acquiring an additional 7,697 shares during the period. Monetary Solutions Ltd purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 4th quarter worth about $26,000. Creative Financial Designs Inc. ADV boosted its stake in shares of 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 worth $1,215,000 after acquiring an additional 996 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 174,781 shares of the company’s stock valued at $14,419,000 after acquiring an additional 2,473 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.