Park Avenue Securities LLC Cuts Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Park Avenue Securities LLC reduced its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 43.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,004 shares of the company’s stock after selling 19,893 shares during the quarter. Park Avenue Securities LLC owned 0.09% of iShares Mortgage Real Estate ETF worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of REM. Mid American Wealth Advisory Group Inc. raised its holdings in iShares Mortgage Real Estate ETF by 13.3% in the 1st quarter. Mid American Wealth Advisory Group Inc. now owns 198,373 shares of the company’s stock worth $4,610,000 after purchasing an additional 23,299 shares during the period. NBC Securities Inc. lifted its position in shares of iShares Mortgage Real Estate ETF by 20.7% during the 1st quarter. NBC Securities Inc. now owns 9,032 shares of the company’s stock valued at $219,000 after buying an additional 1,550 shares in the last quarter. Clear Street Markets LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 187.1% during the 4th quarter. Clear Street Markets LLC now owns 17,800 shares of the company’s stock valued at $420,000 after buying an additional 11,600 shares in the last quarter. Copperwynd Financial LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 4th quarter valued at $1,895,000. Finally, AXS Investments LLC purchased a new stake in iShares Mortgage Real Estate ETF in the 4th quarter worth $826,000.

iShares Mortgage Real Estate ETF Trading Down 0.9 %

REM opened at $21.96 on Friday. The firm’s 50-day moving average is $22.39 and its two-hundred day moving average is $22.66. The stock has a market capitalization of $590.72 million, a P/E ratio of 6.41 and a beta of 1.30.

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.