Janney Montgomery Scott LLC Raises Stake in iShares Mortgage Real Estate ETF (BATS:REM)

Janney Montgomery Scott LLC boosted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,281 shares of the company’s stock after buying an additional 6,784 shares during the period. Janney Montgomery Scott LLC owned approximately 0.22% of iShares Mortgage Real Estate ETF worth $1,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of REM. JPMorgan Chase & Co. raised its stake in shares of iShares Mortgage Real Estate ETF by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,311 shares of the company’s stock valued at $743,000 after acquiring an additional 4,060 shares during the period. MML Investors Services LLC raised its position in iShares Mortgage Real Estate ETF by 11.1% in the third quarter. MML Investors Services LLC now owns 88,097 shares of the company’s stock valued at $2,091,000 after purchasing an additional 8,782 shares during the period. Jane Street Group LLC acquired a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth about $368,000. Stifel Financial Corp boosted its position in shares of iShares Mortgage Real Estate ETF by 24.3% in the third quarter. Stifel Financial Corp now owns 15,761 shares of the company’s stock worth $374,000 after buying an additional 3,085 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of iShares Mortgage Real Estate ETF in the third quarter valued at about $273,000.

iShares Mortgage Real Estate ETF Stock Up 1.7 %

iShares Mortgage Real Estate ETF stock opened at $22.58 on Wednesday. The firm has a market cap of $607.40 million, a price-to-earnings ratio of 6.41 and a beta of 1.30. The business’s 50 day moving average is $22.02 and its 200 day moving average is $22.84.

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.