Northwestern Mutual Wealth Management Co. Increases Stock Position in iShares Mortgage Real Estate ETF (BATS:REM)

Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,086 shares of the company’s stock after buying an additional 1,099 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of iShares Mortgage Real Estate ETF worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. grew its position 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 valued at $9,612,000 after purchasing an additional 15,571 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in iShares Mortgage Real Estate ETF by 4,108,233.3% in the 1st quarter. BNP Paribas Financial Markets now owns 246,500 shares of the company’s stock worth $5,729,000 after purchasing an additional 246,494 shares during the period. SageView Advisory Group LLC purchased a new position in iShares Mortgage Real Estate ETF during the 1st quarter valued at about $4,783,000. Mid American Wealth Advisory Group Inc. increased its position in shares of iShares Mortgage Real Estate ETF by 13.3% during the first quarter. Mid American Wealth Advisory Group Inc. now owns 198,373 shares of the company’s stock valued at $4,610,000 after buying an additional 23,299 shares during the period. Finally, Barry Investment Advisors LLC lifted its holdings in shares of iShares Mortgage Real Estate ETF by 0.8% in the first quarter. Barry Investment Advisors LLC now owns 140,802 shares of the company’s stock worth $3,272,000 after buying an additional 1,133 shares in the last quarter.

iShares Mortgage Real Estate ETF Price Performance

REM stock opened at $22.89 on Wednesday. The company has a 50 day moving average price of $23.53 and a 200 day moving average price of $22.91. The company has a market capitalization of $615.74 million, a price-to-earnings ratio of 6.41 and a beta of 1.30.

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.