Brookstone Capital Management Sells 3,384 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Brookstone Capital Management decreased its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,709 shares of the company’s stock after selling 3,384 shares during the quarter. Brookstone Capital Management owned about 0.11% of iShares Mortgage Real Estate ETF worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the third quarter worth $29,000. Rockefeller Capital Management L.P. acquired a new stake in iShares Mortgage Real Estate ETF during the 3rd quarter worth about $273,000. NBC Securities Inc. raised its position in shares of iShares Mortgage Real Estate ETF by 25.4% in the 3rd quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after acquiring an additional 2,385 shares in the last quarter. AlphaCentric Advisors LLC lifted its stake 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 period. Finally, Jane Street Group LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the 3rd quarter valued at about $368,000.

iShares Mortgage Real Estate ETF Stock Up 0.9 %

BATS REM opened at $21.96 on Friday. The firm has a market capitalization of $590.72 million, a PE ratio of 6.41 and a beta of 1.30. The business’s 50 day simple moving average is $22.22 and its 200 day simple moving average is $22.93.

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.