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

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw unusually-high trading volume on Monday . Approximately 70,105 shares changed hands during 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 Stock Performance

The stock has a 50 day simple moving average of $85.02 and a two-hundred day simple moving average of $84.17. The firm has a market cap of $690.67 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 and hedge funds have recently modified their holdings of the business. Fairscale Capital LLC acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the second quarter worth approximately $27,000. JPMorgan Chase & Co. boosted its position in iShares Residential and Multisector Real Estate ETF by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 730 shares of the company’s stock worth $65,000 after acquiring an additional 224 shares during the last quarter. Lederer & Associates Investment Counsel CA purchased a new stake in iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at about $211,000. Burns Matteson Capital Management LLC raised its holdings in iShares Residential and Multisector Real Estate ETF by 31.0% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock valued at $1,560,000 after acquiring an additional 4,154 shares during the last quarter. Finally, Arkansas Financial Group Inc. lifted its stake in iShares Residential and Multisector Real Estate ETF by 14.6% in the 3rd quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock worth $2,417,000 after purchasing an additional 3,456 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.