iShares Mortgage Real Estate ETF (BATS:REM) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 24.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,761 shares of the company’s stock after buying an additional 3,085 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of iShares Mortgage Real Estate ETF worth $374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REM. Envestnet Asset Management Inc. raised its stake in iShares Mortgage Real Estate ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 433,741 shares of the company’s stock worth $9,612,000 after acquiring an additional 15,571 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth approximately $6,051,000. Barry Investment Advisors LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 0.8% in 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 period. Raymond James & Associates raised its position in iShares Mortgage Real Estate ETF by 78.5% in the 3rd quarter. Raymond James & Associates now owns 115,171 shares of the company’s stock valued at $2,733,000 after purchasing an additional 50,642 shares during the last quarter. Finally, Mount Lucas Management LP raised its position in iShares Mortgage Real Estate ETF by 12.6% in the 3rd quarter. Mount Lucas Management LP now owns 113,160 shares of the company’s stock valued at $2,685,000 after purchasing an additional 12,677 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of iShares Mortgage Real Estate ETF stock opened at $21.20 on Friday. The stock has a market cap of $570.28 million, a P/E ratio of 6.41 and a beta of 1.30. The stock’s 50-day simple moving average is $22.62 and its two-hundred day simple moving average is $23.01.

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.