iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) Stock Price Down 1.3% – Here’s Why

iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)’s share price fell 1.3% on Tuesday . The stock traded as low as $84.47 and last traded at $85.00. 136,957 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 152,445 shares. The stock had previously closed at $86.11.

iShares Residential and Multisector Real Estate ETF Stock Down 1.3 %

The firm’s 50-day simple moving average is $82.85 and its 200-day simple moving average is $85.21. The firm has a market capitalization of $850 million, a PE ratio of 38.52 and a beta of 1.00.

Institutional Investors Weigh In On iShares Residential and Multisector Real Estate ETF

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in iShares Residential and Multisector Real Estate ETF by 32.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,857 shares of the company’s stock valued at $313,000 after buying an additional 952 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 224 shares during the period. Van ECK Associates Corp grew its stake in shares of iShares Residential and Multisector Real Estate ETF by 24.6% in the fourth quarter. Van ECK Associates Corp now owns 80,028 shares of the company’s stock worth $6,484,000 after purchasing an additional 15,796 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in iShares Residential and Multisector Real Estate ETF by 5.1% during the 3rd quarter. Cornerstone Planning Group LLC now owns 135,951 shares of the company’s stock valued at $11,829,000 after purchasing an additional 6,632 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in iShares Residential and Multisector Real Estate ETF during the 4th quarter valued at approximately $45,000.

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.