Private Advisor Group LLC raised its stake in iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 144.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,869 shares of the company’s stock after purchasing an additional 28,905 shares during the period. Private Advisor Group LLC owned about 0.18% of iShares Mortgage Real Estate ETF worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in iShares Mortgage Real Estate ETF during the second quarter worth approximately $39,000. RFG Advisory LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the second quarter worth $202,000. Bright Futures Wealth Management LLC. acquired a new position in shares of iShares Mortgage Real Estate ETF in the first quarter worth $205,000. Seaview Investment Managers LLC lifted its position in iShares Mortgage Real Estate ETF by 9.4% during the second quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock worth $256,000 after buying an additional 991 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new position in iShares Mortgage Real Estate ETF during the first quarter worth about $264,000.
iShares Mortgage Real Estate ETF Price Performance
Shares of BATS:REM opened at $22.42 on Friday. The firm has a market capitalization of $603.10 million, a price-to-earnings ratio of 6.41 and a beta of 1.30. The stock’s 50 day moving average price is $23.50 and its 200-day moving average price is $22.95.
About iShares Mortgage Real Estate ETF
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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