iShares Mortgage Real Estate ETF (BATS:REM) Stock Position Lifted by Stifel Financial Corp

Stifel Financial Corp grew its position in iShares Mortgage Real Estate ETF (BATS:REM) by 24.3% in the third quarter, Holdings Channel.com reports. The fund owned 15,761 shares of the company’s stock after buying an additional 3,085 shares during the period. Stifel Financial Corp’s holdings in iShares Mortgage Real Estate ETF were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in iShares Mortgage Real Estate ETF during the third quarter worth $29,000. Seaview Investment Managers LLC boosted its holdings in shares of 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 during the period. Rockefeller Capital Management L.P. bought a new stake in shares of iShares Mortgage Real Estate ETF during the 3rd quarter valued at about $273,000. NBC Securities Inc. raised its stake in iShares Mortgage Real Estate ETF by 25.4% during the third quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after acquiring an additional 2,385 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in iShares Mortgage Real Estate ETF during the second quarter worth about $284,000.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM stock opened at $21.20 on Friday. The firm has a market capitalization of $570.28 million, a P/E ratio of 6.41 and a beta of 1.30. The company has a 50 day moving average of $22.62 and a 200 day moving average of $23.01.

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.