iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $95.40 and last traded at $94.69, with a volume of 30166 shares traded. The stock had previously closed at $95.40.
iShares Residential and Multisector Real Estate ETF Stock Performance
The stock has a market capitalization of $885.35 million, a P/E ratio of 43.88 and a beta of 0.85. The stock’s fifty day simple moving average is $90.71 and its two-hundred day simple moving average is $87.33.
Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF
A number of hedge funds have recently modified their holdings of REZ. Kendall Capital Management grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 1.4% in the third quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock worth $920,000 after purchasing an additional 146 shares during the last quarter. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at $26,000. Sound Income Strategies LLC raised its position in iShares Residential and Multisector Real Estate ETF by 19.3% during the 4th quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in 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 purchasing an additional 996 shares during the last quarter. Finally, Main Street Group LTD bought a new position in iShares Residential and Multisector Real Estate ETF during the 1st quarter worth $85,000.
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.
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