Cornerstone Planning Group LLC Buys 6,632 Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)

Cornerstone Planning Group LLC raised its position in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,951 shares of the company’s stock after acquiring an additional 6,632 shares during the period. iShares Residential and Multisector Real Estate ETF makes up approximately 2.6% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 11th largest position. Cornerstone Planning Group LLC’s holdings in iShares Residential and Multisector Real Estate ETF were worth $11,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lederer & Associates Investment Counsel CA bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter valued at about $211,000. Burns Matteson Capital Management LLC increased its position in iShares Residential and Multisector Real Estate ETF by 31.0% during the third quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock worth $1,560,000 after acquiring an additional 4,154 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in iShares Residential and Multisector Real Estate ETF in the 3rd quarter worth about $12,517,000. Arkansas Financial Group Inc. boosted its holdings in iShares Residential and Multisector Real Estate ETF by 14.6% in the 3rd quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock valued at $2,417,000 after purchasing an additional 3,456 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth approximately $27,000.

iShares Residential and Multisector Real Estate ETF Trading Down 1.2 %

Shares of REZ opened at $86.69 on Wednesday. iShares Residential and Multisector Real Estate ETF has a 12 month low of $63.27 and a 12 month high of $91.64. The firm’s 50 day moving average is $87.58 and its 200-day moving average is $81.32. The stock has a market capitalization of $745.53 million, a PE ratio of 25.27 and a beta of 0.87.

iShares Residential and Multisector Real Estate ETF 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.