Lynx Investment Advisory Invests $56,000 in iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ)

Lynx Investment Advisory bought a new position in shares of iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 723 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently modified their holdings of REZ. Van ECK Associates Corp acquired a new position in iShares Residential and Multisector Real Estate ETF during the first quarter valued at $2,417,000. Franklin Parlapiano Turner & Welch LLC raised its position in iShares Residential and Multisector Real Estate ETF by 3.6% during the first quarter. Franklin Parlapiano Turner & Welch LLC now owns 459,056 shares of the company’s stock valued at $33,084,000 after buying an additional 15,972 shares during the period. Cornerstone Planning Group LLC raised its position in iShares Residential and Multisector Real Estate ETF by 11.6% during the first quarter. Cornerstone Planning Group LLC now owns 119,697 shares of the company’s stock valued at $8,623,000 after buying an additional 12,484 shares during the period. Burns Matteson Capital Management LLC acquired a new position in iShares Residential and Multisector Real Estate ETF during the first quarter valued at $745,000. Finally, ARK & TLK Investments LLC acquired a new position in iShares Residential and Multisector Real Estate ETF during the fourth quarter valued at $250,000.

iShares Residential and Multisector Real Estate ETF Stock Performance

NYSEARCA:REZ traded up $0.22 during trading hours on Wednesday, hitting $82.18. 76,152 shares of the company’s stock traded hands, compared to its average volume of 40,240. The firm has a market cap of $706.75 million, a P/E ratio of 25.27 and a beta of 0.87. iShares Residential and Multisector Real Estate ETF has a twelve month low of $60.64 and a twelve month high of $83.19. The stock’s fifty day moving average price is $77.33 and its two-hundred day moving average price is $73.12.

iShares Residential and Multisector Real Estate ETF 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.