Park Avenue Securities LLC acquired a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 33,419 shares of the company’s stock, valued at approximately $609,000. Park Avenue Securities LLC owned 0.13% of iShares Mortgage Real Estate ETF at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simplicity Wealth LLC increased its position in iShares Mortgage Real Estate ETF by 14.2% in the 3rd quarter. Simplicity Wealth LLC now owns 31,871 shares of the company’s stock valued at $580,000 after acquiring an additional 3,968 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of iShares Mortgage Real Estate ETF during the third quarter valued at $12,421,000. IFP Advisors Inc lifted its holdings in iShares Mortgage Real Estate ETF by 8.5% in the third quarter. IFP Advisors Inc now owns 10,210 shares of the company’s stock worth $186,000 after purchasing an additional 804 shares during the period. AdvisorNet Financial Inc acquired a new position in iShares Mortgage Real Estate ETF during the 3rd quarter valued at about $6,294,000. Finally, Envestnet Asset Management Inc. increased its stake in iShares Mortgage Real Estate ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,651 shares of the company’s stock valued at $3,741,000 after buying an additional 10,907 shares during the period.
iShares Mortgage Real Estate ETF Trading Down 1.7%
Shares of BATS:REM opened at $17.50 on Friday. The company has a 50 day moving average of $18.84 and a 200-day moving average of $21.32. The firm has a market cap of $451.50 million, a P/E ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a twelve month low of $16.66 and a twelve month high of $24.05.
About iShares Mortgage Real Estate ETF
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.
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