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 an uptick in trading volume on Thursday . 240,979 shares were traded during mid-day trading, an increase of 175% from the previous session’s volume of 87,515 shares.The stock last traded at $85.11 and had previously closed at $84.42.

iShares Residential and Multisector Real Estate ETF Price Performance

The stock has a fifty day moving average price of $86.66 and a two-hundred day moving average price of $83.37. The company has a market cap of $723.65 million, a P/E ratio of 25.27 and a beta of 0.87.

Institutional Trading of iShares Residential and Multisector Real Estate ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in iShares Residential and Multisector Real Estate ETF by 5.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after acquiring an additional 6,632 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of iShares Residential and Multisector Real Estate ETF by 92.3% during the second quarter. Van ECK Associates Corp now owns 64,478 shares of the company’s stock worth $4,964,000 after purchasing an additional 30,942 shares during the period. Fairscale Capital LLC acquired a new position in iShares Residential and Multisector Real Estate ETF in the 2nd quarter valued at approximately $27,000. Burns Matteson Capital Management LLC grew its holdings 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 valued at $1,560,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Arkansas Financial Group Inc. raised its holdings in shares of iShares Residential and Multisector Real Estate ETF by 14.6% during the third quarter. Arkansas Financial Group Inc. now owns 27,207 shares of the company’s stock worth $2,417,000 after acquiring 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.