iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Reaches New 52-Week High at $76.70

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price reached a new 52-week high on Monday . The company traded as high as $76.70 and last traded at $76.70, with a volume of 1526 shares changing hands. The stock had previously closed at $76.31.

iShares Residential and Multisector Real Estate ETF Price Performance

The stock has a market cap of $659.62 million, a price-to-earnings ratio of 25.27 and a beta of 0.87. The stock’s 50-day moving average is $73.11 and its 200-day moving average is $71.69.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Hedge funds have recently added to or reduced their stakes in the business. Arkansas Financial Group Inc. increased its holdings in shares of iShares Residential and Multisector Real Estate ETF by 1.0% during the 1st quarter. Arkansas Financial Group Inc. now owns 22,510 shares of the company’s stock worth $1,622,000 after buying an additional 233 shares during the last quarter. Partners Capital Investment Group LLP increased its stake in iShares Residential and Multisector Real Estate ETF by 2.1% during the fourth quarter. Partners Capital Investment Group LLP now owns 57,980 shares of the company’s stock worth $4,263,000 after acquiring an additional 1,166 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter worth about $225,000. ARK & TLK Investments LLC acquired a new position in shares of iShares Residential and Multisector Real Estate ETF in the 4th quarter valued at about $250,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of iShares Residential and Multisector Real Estate ETF during the 1st quarter worth about $745,000.

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.