iShares Mortgage Real Estate ETF (BATS:REM) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 21.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 47,005 shares of the company’s stock after purchasing an additional 8,188 shares during the period. Bridges Investment Management Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $1,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Seaview Investment Managers LLC grew its holdings in iShares Mortgage Real Estate ETF by 9.4% in the 2nd quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock valued at $256,000 after buying an additional 991 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at about $26,000. Barry Investment Advisors LLC increased its position in iShares Mortgage Real Estate ETF by 0.8% during the first quarter. Barry Investment Advisors LLC now owns 140,802 shares of the company’s stock worth $3,272,000 after purchasing an additional 1,133 shares during the last quarter. Park Avenue Securities LLC raised its stake in iShares Mortgage Real Estate ETF by 4.5% during the second quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock worth $602,000 after purchasing an additional 1,163 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in iShares Mortgage Real Estate ETF by 1.8% in the 2nd quarter. Harbour Investments Inc. now owns 70,259 shares of the company’s stock valued at $1,557,000 after purchasing an additional 1,264 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

iShares Mortgage Real Estate ETF stock opened at $24.51 on Friday. The stock has a market cap of $659.32 million, a PE ratio of 6.41 and a beta of 1.30. The company has a fifty day moving average price of $23.62 and a 200 day moving average price of $22.84.

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.