MML Investors Services LLC Has $2.18 Million Stock Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

MML Investors Services LLC boosted its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 16.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 102,249 shares of the company’s stock after acquiring an additional 14,152 shares during the quarter. MML Investors Services LLC’s holdings in iShares Mortgage Real Estate ETF were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of iShares Mortgage Real Estate ETF by 30.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,088,306 shares of the company’s stock valued at $23,235,000 after purchasing an additional 254,914 shares during the period. Envestnet Asset Management Inc. grew its position in iShares Mortgage Real Estate ETF by 5.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 478,667 shares of the company’s stock valued at $10,220,000 after acquiring an additional 24,460 shares during the period. Clarity Financial LLC grew its position in iShares Mortgage Real Estate ETF by 91.0% in the fourth quarter. Clarity Financial LLC now owns 209,292 shares of the company’s stock valued at $4,468,000 after acquiring an additional 99,699 shares during the period. Barry Investment Advisors LLC raised its stake in iShares Mortgage Real Estate ETF by 0.9% during the fourth quarter. Barry Investment Advisors LLC now owns 142,732 shares of the company’s stock worth $3,047,000 after acquiring an additional 1,241 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its holdings in shares of iShares Mortgage Real Estate ETF by 135.6% during the fourth quarter. Drive Wealth Management LLC now owns 99,396 shares of the company’s stock valued at $2,122,000 after acquiring an additional 57,202 shares during the period.

iShares Mortgage Real Estate ETF Stock Up 1.7 %

Shares of REM stock opened at $21.21 on Tuesday. The company has a market cap of $568.43 million, a P/E ratio of 9.91 and a beta of 1.38. The company’s 50-day moving average price is $21.87 and its 200-day moving average price is $22.22.

iShares Mortgage Real Estate ETF Company Profile

The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.