iShares Mortgage Real Estate ETF (BATS:REM) Holdings Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,028 shares of the company’s stock after selling 1,343 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of REM. Sanctuary Wealth Management L.L.C. purchased a new stake in iShares Mortgage Real Estate ETF in the 4th quarter worth about $28,000. Tower Research Capital LLC TRC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the second quarter worth approximately $39,000. Money Concepts Capital Corp purchased a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at approximately $71,000. Sumitomo Mitsui Financial Group Inc. increased its stake in iShares Mortgage Real Estate ETF by 53.5% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 4,646 shares of the company’s stock valued at $104,000 after buying an additional 1,619 shares during the period. Finally, NBC Securities Inc. purchased a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter worth approximately $134,000.

iShares Mortgage Real Estate ETF Stock Up 1.3 %

Shares of BATS:REM opened at $21.79 on Monday. The firm’s 50-day moving average is $22.29 and its two-hundred day moving average is $22.38. The firm has a market cap of $588.33 million, a price-to-earnings ratio of 6.39 and a beta of 1.35.

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.