Raymond James & Associates lowered its stake in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Rating) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 60,233 shares of the company’s stock after selling 7,222 shares during the period. Raymond James & Associates’ holdings in iShares Residential and Multisector Real Estate ETF were worth $4,118,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of iShares Residential and Multisector Real Estate ETF by 15.3% during the 1st quarter. HighTower Advisors LLC now owns 5,665 shares of the company’s stock worth $544,000 after buying an additional 750 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 457.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $40,000 after purchasing an additional 343 shares during the last quarter. Bank of Montreal Can boosted its position in shares of iShares Residential and Multisector Real Estate ETF by 18.2% in the 1st quarter. Bank of Montreal Can now owns 1,418 shares of the company’s stock worth $138,000 after purchasing an additional 218 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of iShares Residential and Multisector Real Estate ETF in the 1st quarter valued at approximately $1,884,000. Finally, Cetera Investment Advisers raised its position in shares of iShares Residential and Multisector Real Estate ETF by 21.6% in the 1st quarter. Cetera Investment Advisers now owns 3,915 shares of the company’s stock valued at $375,000 after acquiring an additional 696 shares during the period.
iShares Residential and Multisector Real Estate ETF Price Performance
Shares of NYSEARCA:REZ opened at $69.00 on Thursday. The company has a market capitalization of $614.10 million, a price-to-earnings ratio of 37.65 and a beta of 0.81. The firm’s 50 day simple moving average is $70.43 and its 200 day simple moving average is $71.42. iShares Residential and Multisector Real Estate ETF has a fifty-two week low of $64.96 and a fifty-two week high of $89.07.
iShares Residential and Multisector Real Estate ETF Profile
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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.
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Want to see what other hedge funds are holding REZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ – Get Rating).
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