Envestnet Asset Management Inc. Increases Position in iShares Mortgage Real Estate ETF (BATS:REM)

Envestnet Asset Management Inc. raised its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 433,741 shares of the company’s stock after purchasing an additional 15,571 shares during the quarter. Envestnet Asset Management Inc. owned 1.61% of iShares Mortgage Real Estate ETF worth $9,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seaview Investment Managers LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 9.4% during the second quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock worth $256,000 after purchasing an additional 991 shares during the last quarter. Barry Investment Advisors LLC lifted its stake 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 boosted its holdings in iShares Mortgage Real Estate ETF by 4.5% in 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. Harbour Investments Inc. raised its holdings in shares of iShares Mortgage Real Estate ETF by 1.8% during the second quarter. Harbour Investments Inc. now owns 70,259 shares of the company’s stock worth $1,557,000 after purchasing an additional 1,264 shares during the period. Finally, NBC Securities Inc. grew 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 during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM stock opened at $23.66 on Friday. The firm has a market capitalization of $636.32 million, a P/E ratio of 6.41 and a beta of 1.30. The company has a 50 day moving average of $23.60 and a 200 day moving average of $22.89.

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.