Capital Investment Advisors LLC decreased its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 18.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,937 shares of the company’s stock after selling 13,033 shares during the quarter. Capital Investment Advisors LLC’s holdings in iShares Mortgage Real Estate ETF were worth $1,194,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the 3rd quarter worth about $29,000. Rockefeller Capital Management L.P. bought a new stake in iShares Mortgage Real Estate ETF during the 3rd quarter valued at about $273,000. NBC Securities Inc. raised its holdings in iShares Mortgage Real Estate ETF by 25.4% in the third quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after buying an additional 2,385 shares during the last quarter. AlphaCentric Advisors LLC lifted its stake in shares of iShares Mortgage Real Estate ETF by 5.3% in the third quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock worth $354,000 after buying an additional 745 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Mortgage Real Estate ETF by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after buying an additional 1,099 shares during the last quarter.
iShares Mortgage Real Estate ETF Stock Up 1.7 %
Shares of REM opened at $21.21 on Wednesday. The company has a market capitalization of $570.55 million, a P/E ratio of 6.41 and a beta of 1.30. The firm’s fifty day moving average price is $22.33 and its 200 day moving average price is $22.96.
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.
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Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
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