Sumitomo Mitsui Trust Holdings Inc. cut its stake in iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,208 shares of the company’s stock after selling 837 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $831,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new stake in iShares Mortgage Real Estate ETF in the third quarter worth $1,993,000. IFP Advisors Inc increased its holdings in shares of iShares Mortgage Real Estate ETF by 18.5% in the third quarter. IFP Advisors Inc now owns 12,871 shares of the company’s stock worth $288,000 after buying an additional 2,007 shares during the period. Wealthfront Advisers LLC increased its holdings in iShares Mortgage Real Estate ETF by 33.2% during the 3rd quarter. Wealthfront Advisers LLC now owns 14,501 shares of the company’s stock valued at $324,000 after purchasing an additional 3,611 shares during the period. Invst LLC grew its holdings in shares of iShares Mortgage Real Estate ETF by 115.8% during the 3rd quarter. Invst LLC now owns 61,869 shares of the company’s stock worth $1,382,000 after acquiring an additional 33,205 shares during the period. Finally, Mariner LLC grew its holdings in shares of iShares Mortgage Real Estate ETF by 22.2% during the 3rd quarter. Mariner LLC now owns 38,685 shares of the company’s stock worth $864,000 after acquiring an additional 7,022 shares during the period.
iShares Mortgage Real Estate ETF Stock Performance
Shares of REM opened at $21.96 on Friday. The stock has a 50 day moving average of $22.32 and a 200 day moving average of $22.39. The company has a market cap of $592.92 million, a PE ratio of 6.39 and a beta of 1.35.
iShares Mortgage Real Estate ETF 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.
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Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
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