Balefire LLC Purchases 9,326 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Balefire LLC raised its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 4.6% during the 1st quarter, Holdings Channel reports. The fund owned 210,670 shares of the company’s stock after purchasing an additional 9,326 shares during the period. iShares Mortgage Real Estate ETF makes up approximately 1.6% of Balefire LLC’s investment portfolio, making the stock its 13th biggest position. Balefire LLC’s holdings in iShares Mortgage Real Estate ETF were worth $4,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc grew its position in iShares Mortgage Real Estate ETF by 179.6% in the fourth quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock worth $36,000 after acquiring an additional 1,083 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of iShares Mortgage Real Estate ETF by 102,000.0% in the 1st quarter. NBC Securities Inc. now owns 11,231 shares of the company’s stock valued at $252,000 after purchasing an additional 11,220 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in shares of iShares Mortgage Real Estate ETF by 41.0% in the 4th quarter. Two Sigma Securities LLC now owns 12,166 shares of the company’s stock worth $260,000 after purchasing an additional 3,540 shares during the period. FWL Investment Management LLC increased its position in shares of iShares Mortgage Real Estate ETF by 1,031.9% during the 4th quarter. FWL Investment Management LLC now owns 13,062 shares of the company’s stock valued at $279,000 after purchasing an additional 11,908 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in iShares Mortgage Real Estate ETF by 18.1% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 14,223 shares of the company’s stock valued at $304,000 after buying an additional 2,181 shares during the period.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM opened at $21.05 on Thursday. The stock has a 50-day moving average of $21.09 and a two-hundred day moving average of $21.76. The company has a market capitalization of $543.09 million, a P/E ratio of 14.69 and a beta of 1.33.

iShares Mortgage Real Estate ETF 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.