iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase – Time to Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Wednesday. 62,020 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 50,948 shares. The stock last traded at $88.7890 and had previously closed at $89.17.

iShares Residential and Multisector Real Estate ETF Price Performance

The company has a market cap of $800.28 million, a P/E ratio of 43.88 and a beta of 0.82. The stock has a fifty day moving average price of $94.13 and a two-hundred day moving average price of $91.55.

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

Several large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its holdings in 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 last quarter. Main Street Group LTD purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the first quarter valued at about $85,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at about $26,000.

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.