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

Shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) saw strong trading volume on Wednesday . 103,032 shares were traded during trading, an increase of 48% from the previous session’s volume of 69,776 shares.The stock last traded at $87.40 and had previously closed at $86.49.

iShares Residential and Multisector Real Estate ETF Price Performance

The company has a 50 day simple moving average of $87.34 and a 200-day simple moving average of $79.68. The stock has a market cap of $743.47 million, a P/E ratio of 25.27 and a beta of 0.87.

Institutional Inflows and Outflows

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

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.