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) saw unusually-strong trading volume on Wednesday . Approximately 103,032 shares traded hands 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 market cap of $758.69 million, a PE ratio of 25.27 and a beta of 0.87. The business has a 50-day moving average of $87.14 and a 200 day moving average of $79.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Burns Matteson Capital Management LLC boosted its stake in iShares Residential and Multisector Real Estate ETF by 31.0% during the third quarter. Burns Matteson Capital Management LLC now owns 17,563 shares of the company’s stock valued at $1,560,000 after buying an additional 4,154 shares during the last quarter. Christopher J. Hasenberg Inc bought a new position in shares of iShares Residential and Multisector Real Estate ETF during the 3rd quarter valued at approximately $12,517,000. Arkansas Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 3,456 shares in the last quarter. Fairscale Capital LLC bought a new stake in iShares Residential and Multisector Real Estate ETF in the second quarter worth $27,000. Finally, Van ECK Associates Corp increased its position in iShares Residential and Multisector Real Estate ETF by 92.3% in 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 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.