Brookstone Capital Management lessened its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 10.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,709 shares of the company’s stock after selling 3,384 shares during the period. Brookstone Capital Management’s holdings in iShares Mortgage Real Estate ETF were worth $613,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter valued at about $29,000. Rockefeller Capital Management L.P. acquired a new stake in iShares Mortgage Real Estate ETF in the third quarter valued at approximately $273,000. NBC Securities Inc. increased its holdings in shares of 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 valued at $279,000 after acquiring an additional 2,385 shares in the last quarter. AlphaCentric Advisors LLC raised its position in shares of iShares Mortgage Real Estate ETF by 5.3% during the third quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock worth $354,000 after purchasing an additional 745 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Mortgage Real Estate ETF by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock worth $356,000 after purchasing an additional 1,099 shares in the last quarter.
iShares Mortgage Real Estate ETF Trading Up 0.9 %
BATS REM opened at $21.96 on Friday. The firm has a market cap of $590.72 million, a P/E ratio of 6.41 and a beta of 1.30. The company has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.93.
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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