Thrivent Financial for Lutherans Has $1.61 Million Position in iShares Mortgage Real Estate ETF (BATS:REM)

Thrivent Financial for Lutherans trimmed its position in iShares Mortgage Real Estate ETF (BATS:REM) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,117 shares of the company’s stock after selling 9,607 shares during the quarter. Thrivent Financial for Lutherans owned 0.28% of iShares Mortgage Real Estate ETF worth $1,609,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in REM. IFP Advisors Inc boosted its position in shares of iShares Mortgage Real Estate ETF by 179.6% in the fourth quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock valued at $36,000 after acquiring an additional 1,083 shares during the period. Jane Street Group LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter worth about $368,000. Allspring Global Investments Holdings LLC boosted its holdings in iShares Mortgage Real Estate ETF by 67.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,000 shares of the company’s stock valued at $576,000 after purchasing an additional 10,900 shares during the period. Janney Montgomery Scott LLC grew its position in shares of iShares Mortgage Real Estate ETF by 12.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 59,281 shares of the company’s stock worth $1,266,000 after purchasing an additional 6,784 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of iShares Mortgage Real Estate ETF by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,311 shares of the company’s stock worth $743,000 after purchasing an additional 4,060 shares in the last quarter.

iShares Mortgage Real Estate ETF Trading Down 1.8 %

BATS REM opened at $22.13 on Monday. The firm has a market capitalization of $641.63 million, a P/E ratio of 11.05 and a beta of 1.73. The company has a fifty day simple moving average of $22.80 and a 200 day simple moving average of $22.73.

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.