iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Stock Price Down 1.3% – What’s Next?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price traded down 1.3% on Tuesday . The company traded as low as $84.47 and last traded at $85.00. 136,957 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 152,445 shares. The stock had previously closed at $86.11.

iShares Residential and Multisector Real Estate ETF Stock Performance

The company has a market capitalization of $832.50 million, a price-to-earnings ratio of 38.52 and a beta of 1.00. The business’s 50 day moving average price is $82.91 and its two-hundred day moving average price is $85.20.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in 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 worth $11,829,000 after acquiring an additional 6,632 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Residential and Multisector Real Estate ETF by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 730 shares of the company’s stock valued at $65,000 after acquiring an additional 224 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 32.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,857 shares of the company’s stock valued at $313,000 after purchasing an additional 952 shares in the last quarter. Arkansas Financial Group Inc. grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 8.8% in the 4th quarter. Arkansas Financial Group Inc. now owns 29,598 shares of the company’s stock worth $2,398,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth approximately $45,000.

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.