For investors seeking momentum, iShares Residential Real Estate ETF (REZ - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 25.3% from its 52-week low price of $57.33/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
REZ in Focus
The underlying FTSE NAREIT All Residential Capped Index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. The fund holds about 44 securities.
Public Storage REIT (9.5%), Welltower (8.1%) and Avalonbay Communities (7.8%) are the top three holdings of the fund. It charges 48 bps in fees (see all Real Estate ETFs here).
Why the Move?
Dovish Fed comments have kept long-term U.S. Treasury bond yields at subdued level this year. Also, renewed trade tensions brightened the appeal for relatively safer sectors of real estate.
More Gains Ahead?
Though the fund has a Zacks Rank #3 (Hold), the fund has a positive weighted alpha of 22.60 which hints at more gains. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, iShares Residential Real Estate ETF (REZ - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 25.3% from its 52-week low price of $57.33/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
REZ in Focus
The underlying FTSE NAREIT All Residential Capped Index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. The fund holds about 44 securities.
Public Storage REIT (9.5%), Welltower (8.1%) and Avalonbay Communities (7.8%) are the top three holdings of the fund. It charges 48 bps in fees (see all Real Estate ETFs here).
Why the Move?
Dovish Fed comments have kept long-term U.S. Treasury bond yields at subdued level this year. Also, renewed trade tensions brightened the appeal for relatively safer sectors of real estate.
More Gains Ahead?
Though the fund has a Zacks Rank #3 (Hold), the fund has a positive weighted alpha of 22.60 which hints at more gains. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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