iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Strong Trading Volume – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-high trading volume on Monday . Approximately 114,856 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 83,371 shares.The stock last traded at $88.13 and had previously closed at $89.02.

iShares Residential and Multisector Real Estate ETF Stock Down 1.5 %

The stock has a market cap of $754.39 million, a PE ratio of 25.27 and a beta of 0.87. The business has a 50 day moving average price of $87.21 and a 200 day moving average price of $82.70.

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

A number of hedge funds have recently bought and sold shares of the business. Christopher J. Hasenberg Inc purchased a new position in iShares Residential and Multisector Real Estate ETF during the third quarter worth approximately $12,517,000. Cornerstone Planning Group LLC raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 5.1% during the third quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after acquiring an additional 6,632 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 92.3% in the second quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock valued at $4,964,000 after purchasing an additional 30,942 shares during the last quarter. Arkansas Financial Group Inc. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 14.6% in the third 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 last quarter. Finally, Burns Matteson Capital Management LLC increased its stake 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 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.