iShares Mortgage Real Estate ETF (BATS:REM) Stock Price Cross Above 200 Day Moving Average – Should You Sell?

Shares of iShares Mortgage Real Estate ETF (BATS:REM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.04 and traded as high as $23.33. iShares Mortgage Real Estate ETF shares last traded at $23.19, with a volume of 552,462 shares trading hands.

iShares Mortgage Real Estate ETF Stock Performance

The firm’s 50-day simple moving average is $23.12 and its 200 day simple moving average is $23.04. The stock has a market capitalization of $623.81 million, a P/E ratio of 6.41 and a beta of 1.30.

Institutional Investors Weigh In On iShares Mortgage Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaCentric Advisors LLC lifted its stake in iShares Mortgage Real Estate ETF by 5.3% in the 3rd quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock valued at $354,000 after purchasing an additional 745 shares during the last quarter. Seaview Investment Managers LLC raised its stake in 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 valued at $256,000 after buying an additional 991 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $356,000 after buying an additional 1,099 shares during the last quarter. Barry Investment Advisors LLC boosted its stake in shares of iShares Mortgage Real Estate ETF by 0.8% during the 3rd quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock worth $3,358,000 after acquiring an additional 1,113 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 4.5% during the 2nd quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock worth $602,000 after acquiring an additional 1,163 shares during the last quarter.

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.