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

iShares Mortgage Real Estate ETF (BATS:REM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

iShares Mortgage Real Estate ETF Stock Performance

The company’s fifty day moving average price is $23.12 and its 200 day moving average price is $23.04. The firm has a market capitalization of $623.81 million, a price-to-earnings ratio of 6.41 and a beta of 1.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in iShares Mortgage Real Estate ETF by 41.7% during the 1st quarter. Comerica Bank now owns 16,957 shares of the company’s stock valued at $394,000 after purchasing an additional 4,987 shares during the period. Bright Futures Wealth Management LLC. bought a new position in iShares Mortgage Real Estate ETF in the 1st quarter worth approximately $205,000. Mather Group LLC. acquired a new stake in iShares Mortgage Real Estate ETF in the 2nd quarter valued at approximately $39,000. Park Avenue Securities LLC raised its stake 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 valued at $602,000 after acquiring an additional 1,163 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in iShares Mortgage Real Estate ETF during the 2nd quarter worth $202,000.

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.