Bridges Investment Management Inc. Purchases 55,533 Shares of iShares Mortgage Real Estate ETF $REM

Bridges Investment Management Inc. lifted its position in iShares Mortgage Real Estate ETF (BATS:REM) by 84.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,577 shares of the company’s stock after purchasing an additional 55,533 shares during the quarter. Bridges Investment Management Inc. owned about 0.47% of iShares Mortgage Real Estate ETF worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC grew its position in iShares Mortgage Real Estate ETF by 64.6% during the third quarter. Global Retirement Partners LLC now owns 1,289 shares of the company’s stock worth $28,000 after buying an additional 506 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of iShares Mortgage Real Estate ETF by 239.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after acquiring an additional 1,078 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the 2nd quarter valued at about $94,000. Fortitude Family Office LLC grew its holdings in shares of iShares Mortgage Real Estate ETF by 3,400.0% during the third quarter. Fortitude Family Office LLC now owns 7,805 shares of the company’s stock worth $171,000 after purchasing an additional 7,582 shares in the last quarter. Finally, Endowment Wealth Management Inc. bought a new position in shares of iShares Mortgage Real Estate ETF in the second quarter worth approximately $205,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM opened at $22.57 on Tuesday. The stock has a market capitalization of $582.31 million, a P/E ratio of 14.69 and a beta of 1.33. The company has a fifty day moving average of $22.83 and a 200 day moving average of $22.45.

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.