iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sets New 1-Year High – Time to Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $98.96 and last traded at $98.96, with a volume of 8371 shares changing hands. The stock had previously closed at $98.12.

iShares Residential and Multisector Real Estate ETF Stock Performance

The stock has a market capitalization of $914.46 million, a P/E ratio of 43.88 and a beta of 0.83. The business has a fifty day simple moving average of $92.43 and a 200-day simple moving average of $88.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of REZ. Cornerstone Planning Group LLC grew its holdings in iShares Residential and Multisector Real Estate ETF by 15.0% in the first quarter. Cornerstone Planning Group LLC now owns 200,966 shares of the company’s stock worth $18,057,000 after purchasing an additional 26,185 shares during the period. Van ECK Associates Corp raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 21.6% in the third quarter. Van ECK Associates Corp now owns 134,348 shares of the company’s stock worth $11,416,000 after purchasing an additional 23,895 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Residential and Multisector Real Estate ETF by 570.3% in the third quarter. JPMorgan Chase & Co. now owns 16,710 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,217 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of iShares Residential and Multisector Real Estate ETF in the fourth quarter valued at approximately $533,000. Finally, Franklin Parlapiano Turner & Welch LLC boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 1.1% during the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 474,430 shares of the company’s stock valued at $40,996,000 after buying an additional 5,303 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.