iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Shares Up 0.7% – Should You Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s stock price traded up 0.7% during trading on Friday . The company traded as high as $84.03 and last traded at $84.03. 102,227 shares traded hands during trading, an increase of 38% from the average session volume of 73,831 shares. The stock had previously closed at $83.44.

iShares Residential and Multisector Real Estate ETF Trading Up 0.7%

The company has a market cap of $781.48 million, a price-to-earnings ratio of 43.88 and a beta of 0.89. The business has a fifty day moving average of $84.11 and a two-hundred day moving average of $83.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kendall Capital Management grew its stake in iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Kendall Capital Management now owns 10,829 shares of the company’s stock valued at $920,000 after acquiring an additional 146 shares during the period. Sound Income Strategies LLC increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 19.3% during the fourth quarter. Sound Income Strategies LLC now owns 2,331 shares of the company’s stock worth $201,000 after purchasing an additional 377 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Residential and Multisector Real Estate ETF by 15.0% during the third quarter. Jones Financial Companies Lllp now owns 6,700 shares of the company’s stock worth $563,000 after purchasing an additional 874 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of iShares Residential and Multisector Real Estate ETF by 10.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,706 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in iShares Residential and Multisector Real Estate ETF by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 156,623 shares of the company’s stock valued at $13,312,000 after buying an additional 2,136 shares in the last quarter.

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.