iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Hits New 52-Week High – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares reached a new 52-week high on Friday . The stock traded as high as $99.27 and last traded at $99.27, with a volume of 41645 shares traded. The stock had previously closed at $97.95.

iShares Residential and Multisector Real Estate ETF Stock Up 1.3%

The stock has a market cap of $913.28 million, a P/E ratio of 43.88 and a beta of 0.83. The firm’s 50-day moving average is $93.06 and its two-hundred day moving average is $88.99.

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

A number of institutional investors have recently bought and sold shares of REZ. Monetary Solutions Ltd acquired a new stake in iShares Residential and Multisector Real Estate ETF in the fourth quarter worth about $26,000. Main Street Group LTD bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at about $85,000. Sound Income Strategies LLC grew its position in shares of 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 buying an additional 377 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the fourth quarter worth approximately $533,000. Finally, Lederer & Associates Investment Counsel CA raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 190.7% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 6,905 shares of the company’s stock worth $571,000 after buying an additional 4,530 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.