iShares Mortgage Real Estate ETF (BATS:REM) Shares Bought by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 179.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,686 shares of the company’s stock after buying an additional 1,083 shares during the period. IFP Advisors Inc’s holdings in iShares Mortgage Real Estate ETF were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in REM. Farther Finance Advisors LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the third quarter worth $29,000. J.W. Cole Advisors Inc. acquired a new stake in shares of iShares Mortgage Real Estate ETF during the fourth quarter worth $215,000. Rockefeller Capital Management L.P. acquired a new position in iShares Mortgage Real Estate ETF during the third quarter valued at $273,000. Advyzon Investment Management LLC acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $295,000. Finally, Silver Oak Securities Incorporated acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $312,000.

iShares Mortgage Real Estate ETF Stock Up 2.2 %

BATS REM opened at $23.44 on Friday. The firm’s 50-day simple moving average is $22.29 and its two-hundred day simple moving average is $22.82. The firm has a market capitalization of $651.63 million, a P/E ratio of 10.42 and a beta of 1.69.

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.