iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Tuesday . 137,559 shares traded hands during trading, an increase of 179% from the previous session’s volume of 49,302 shares.The stock last traded at $96.46 and had previously closed at $96.76.

iShares Residential and Multisector Real Estate ETF Trading Down 0.2%

The firm has a 50-day moving average price of $95.40 and a 200-day moving average price of $90.86. The company has a market capitalization of $878.51 million, a price-to-earnings ratio of 43.88 and a beta of 0.83.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Monetary Solutions Ltd acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV lifted its position 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 valued at $1,215,000 after acquiring an additional 996 shares during the last quarter. Main Street Group LTD bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth $85,000. Ameriprise Financial Inc. raised its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock worth $13,312,000 after purchasing an additional 2,136 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of iShares Residential and Multisector Real Estate ETF by 1.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 174,781 shares of the company’s stock worth $14,419,000 after purchasing an additional 2,473 shares during the period.

iShares Residential and Multisector Real Estate ETF Company Profile

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.