iShares Mortgage Real Estate ETF (BATS:REM) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 24.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,724 shares of the company’s stock after acquiring an additional 16,312 shares during the quarter. Thrivent Financial for Lutherans owned about 0.31% of iShares Mortgage Real Estate ETF worth $1,990,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of REM. AlphaCentric Advisors LLC lifted its holdings in shares of iShares Mortgage Real Estate ETF by 5.3% in the 3rd quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock valued at $354,000 after purchasing an additional 745 shares during the last quarter. Seaview Investment Managers LLC lifted its holdings in shares of 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 purchasing an additional 991 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Mortgage Real Estate ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after acquiring an additional 1,099 shares during the last quarter. Barry Investment Advisors LLC raised its stake in iShares Mortgage Real Estate ETF by 0.8% during the 3rd quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock valued at $3,358,000 after acquiring an additional 1,113 shares during the last quarter. Finally, 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 during the last quarter.

iShares Mortgage Real Estate ETF Trading Up 0.7 %

REM opened at $23.24 on Friday. The firm’s 50 day moving average is $23.06 and its 200 day moving average is $23.04. The stock has a market cap of $625.16 million, a P/E ratio of 6.41 and a beta of 1.30.

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.