Proficio Capital Partners LLC lowered its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 92.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,475 shares of the company’s stock after selling 45,365 shares during the quarter. Proficio Capital Partners LLC’s holdings in iShares Mortgage Real Estate ETF were worth $77,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of iShares Mortgage Real Estate ETF during the 1st quarter worth $12,703,000. Bank of America Corp DE grew its holdings in shares of iShares Mortgage Real Estate ETF by 6.2% in the first quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock valued at $12,545,000 after purchasing an additional 34,299 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock valued at $8,497,000 after purchasing an additional 397,405 shares during the period. Osaic Holdings Inc. increased its position in iShares Mortgage Real Estate ETF by 0.4% during the fourth quarter. Osaic Holdings Inc. now owns 391,479 shares of the company’s stock worth $8,683,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in iShares Mortgage Real Estate ETF by 6.0% during the second quarter. Evergreen Capital Management LLC now owns 321,751 shares of the company’s stock worth $6,879,000 after purchasing an additional 18,305 shares during the last quarter.
iShares Mortgage Real Estate ETF Price Performance
Shares of REM stock opened at $21.79 on Friday. The company has a market capitalization of $562.18 million, a PE ratio of 14.69 and a beta of 1.33. The firm’s 50-day moving average is $21.92 and its two-hundred day moving average is $21.99. iShares Mortgage Real Estate ETF has a 12 month low of $20.41 and a 12 month high of $24.05.
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.
See Also
- Five stocks we like better than iShares Mortgage Real Estate ETF
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
Receive News & Ratings for iShares Mortgage Real Estate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Mortgage Real Estate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
