Janney Montgomery Scott LLC Has $1.25 Million Stake in iShares Mortgage Real Estate ETF (BATS:REM)

Janney Montgomery Scott LLC grew its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 10.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,497 shares of the company’s stock after purchasing an additional 5,134 shares during the period. Janney Montgomery Scott LLC owned about 0.20% of iShares Mortgage Real Estate ETF worth $1,246,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of REM. Seaview Investment Managers LLC raised its position in iShares Mortgage Real Estate ETF by 9.4% in the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 acquiring an additional 1,099 shares in the last quarter. Barry Investment Advisors LLC raised its holdings in shares of iShares Mortgage Real Estate ETF by 0.8% in the third quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock valued at $3,358,000 after purchasing an additional 1,113 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 4.5% during the second quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock valued at $602,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in iShares Mortgage Real Estate ETF during the third quarter worth about $29,000.

iShares Mortgage Real Estate ETF Stock Down 0.1 %

Shares of REM stock opened at $22.67 on Friday. The stock has a 50-day moving average price of $23.25 and a 200-day moving average price of $23.01. The company has a market cap of $609.69 million, a P/E ratio of 6.41 and a beta of 1.30.

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.