iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw strong trading volume on Monday . 66,915 shares were traded during trading, a decline of 18% from the previous session’s volume of 81,789 shares.The stock last traded at $86.34 and had previously closed at $86.55.

iShares Residential and Multisector Real Estate ETF Trading Up 0.4 %

The firm has a market capitalization of $747.51 million, a price-to-earnings ratio of 25.27 and a beta of 0.87. The firm’s 50-day moving average is $87.54 and its 200 day moving average is $81.65.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 2nd quarter valued at about $27,000. Lynx Investment Advisory bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth approximately $56,000. Lederer & Associates Investment Counsel CA acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth approximately $211,000. Burns Matteson Capital Management LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the first quarter valued at $745,000. Finally, Arkansas Financial Group Inc. increased its position 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 buying an additional 3,456 shares in the last quarter.

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.