Cwm LLC Sells 1,017 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Cwm LLC reduced its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644 shares of the company’s stock after selling 1,017 shares during the quarter. Cwm LLC’s holdings in iShares Mortgage Real Estate ETF were worth $63,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Mortgage Real Estate ETF by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock worth $356,000 after acquiring an additional 1,099 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of iShares Mortgage Real Estate ETF by 21.1% in the second quarter. Bridges Investment Management Inc. now owns 47,005 shares of the company’s stock worth $1,042,000 after acquiring an additional 8,188 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Mortgage Real Estate ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 433,741 shares of the company’s stock worth $9,612,000 after acquiring an additional 15,571 shares in the last quarter. Seaview Investment Managers LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 9.4% in the second quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock worth $256,000 after acquiring an additional 991 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. increased its holdings in shares of iShares Mortgage Real Estate ETF by 44.1% in the second quarter. Bright Futures Wealth Management LLC. now owns 13,438 shares of the company’s stock worth $310,000 after acquiring an additional 4,110 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Down 1.0 %

REM stock opened at $22.76 on Monday. The firm has a market capitalization of $612.24 million, a PE ratio of 6.41 and a beta of 1.30. The stock’s fifty day moving average price is $23.54 and its 200-day moving average price is $22.94.

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.