iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 52-Week High – What’s Next?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares hit a new 52-week high on Wednesday . The stock traded as high as $92.89 and last traded at $92.89, with a volume of 9955 shares trading hands. The stock had previously closed at $91.67.

iShares Residential and Multisector Real Estate ETF Stock Up 1.5%

The firm has a market cap of $870.11 million, a price-to-earnings ratio of 43.88 and a beta of 0.85. The firm has a fifty day moving average price of $88.91 and a 200-day moving average price of $86.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of REZ. Cornerstone Planning Group LLC lifted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after acquiring an additional 26,185 shares during the period. Van ECK Associates Corp grew its holdings in iShares Residential and Multisector Real Estate ETF by 21.6% in the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock valued at $11,416,000 after purchasing an additional 23,895 shares during the period. JPMorgan Chase & Co. increased its position in iShares Residential and Multisector Real Estate ETF by 570.3% during the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter worth approximately $533,000. Finally, Franklin Parlapiano Turner & Welch LLC raised its stake in iShares Residential and Multisector Real Estate ETF by 1.1% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock worth $40,996,000 after purchasing an additional 5,303 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.