iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Sees Unusually-High Trading Volume – Still a Buy?

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) shares saw unusually-strong trading volume on Monday . Approximately 70,105 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 59,085 shares.The stock last traded at $80.98 and had previously closed at $81.14.

iShares Residential and Multisector Real Estate ETF Price Performance

The business’s 50-day moving average price is $84.71 and its 200-day moving average price is $84.21. The firm has a market capitalization of $683.44 million, a PE ratio of 25.27 and a beta of 0.87.

Hedge Funds Weigh In On iShares Residential and Multisector Real Estate ETF

Several institutional investors have recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of iShares Residential and Multisector Real Estate ETF during the 2nd quarter worth approximately $27,000. Arkansas Financial Group Inc. lifted its holdings in iShares Residential and Multisector Real Estate ETF by 14.6% in the third quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock valued at $2,417,000 after acquiring an additional 3,456 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in iShares Residential and Multisector Real Estate ETF in the third quarter valued at $12,517,000. Burns Matteson Capital Management LLC boosted its position 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 purchasing an additional 4,154 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new position in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter worth $211,000.

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.