Allspring Global Investments Holdings LLC Grows Stock Position in iShares Mortgage Real Estate ETF (BATS:REM)

Allspring Global Investments Holdings LLC lifted its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,100 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of iShares Mortgage Real Estate ETF worth $382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of REM. Janney Montgomery Scott LLC lifted its holdings in iShares Mortgage Real Estate ETF by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,816 shares of the company’s stock worth $1,042,000 after buying an additional 8,552 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in iShares Mortgage Real Estate ETF during the 1st quarter worth about $264,000. Private Advisor Group LLC lifted its holdings in iShares Mortgage Real Estate ETF by 7.2% during the 1st quarter. Private Advisor Group LLC now owns 41,586 shares of the company’s stock worth $966,000 after buying an additional 2,786 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in 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 buying an additional 1,163 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in iShares Mortgage Real Estate ETF by 25.4% during the 3rd 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.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS REM opened at $22.30 on Friday. The stock has a market cap of $599.87 million, a P/E ratio of 6.41 and a beta of 1.30. The business’s 50-day simple moving average is $23.45 and its 200-day simple moving average 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.