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

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-strong trading volume on Thursday . Approximately 48,948 shares were traded during mid-day trading, a decline of 44% from the previous session’s volume of 87,893 shares.The stock last traded at $80.88 and had previously closed at $80.22.

iShares Residential and Multisector Real Estate ETF Price Performance

The company has a 50-day moving average of $86.36 and a 200 day moving average of $83.61. The company has a market cap of $692.90 million, a PE ratio of 25.27 and a beta of 0.87.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Several hedge funds and other institutional investors have recently bought and sold shares of REZ. Fairscale Capital LLC purchased a new stake in iShares Residential and Multisector Real Estate ETF in the 2nd quarter worth about $27,000. Lederer & Associates Investment Counsel CA purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF in the third quarter worth approximately $211,000. Burns Matteson Capital Management LLC lifted its stake in shares of iShares Residential and Multisector Real Estate ETF by 31.0% during the 3rd 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. Arkansas Financial Group Inc. lifted its stake in shares of iShares Residential and Multisector Real Estate ETF by 14.6% during the 3rd quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock worth $2,417,000 after acquiring an additional 3,456 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in iShares Residential and Multisector Real Estate ETF by 92.3% during the 2nd quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock valued at $4,964,000 after acquiring an additional 30,942 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.