iShares Mortgage Real Estate ETF (BATS:REM) Stake Raised by Raymond James & Associates

Raymond James & Associates raised its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 24.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,116 shares of the company’s stock after acquiring an additional 2,392 shares during the period. Raymond James & Associates’ holdings in iShares Mortgage Real Estate ETF were worth $286,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in iShares Mortgage Real Estate ETF during the third quarter valued at approximately $3,658,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Mortgage Real Estate ETF in the third quarter valued at $1,993,000. Invst LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 115.8% in the third quarter. Invst LLC now owns 61,869 shares of the company’s stock valued at $1,382,000 after buying an additional 33,205 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in shares of iShares Mortgage Real Estate ETF during the 3rd quarter valued at $670,000. Finally, Baker Avenue Asset Management LP boosted its stake in shares of iShares Mortgage Real Estate ETF by 103.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 57,221 shares of the company’s stock worth $1,278,000 after acquiring an additional 29,102 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Up 0.2 %

Shares of iShares Mortgage Real Estate ETF stock opened at $22.31 on Tuesday. The firm has a market capitalization of $602.24 million, a price-to-earnings ratio of 6.39 and a beta of 1.35. The stock’s 50-day moving average is $22.32 and its two-hundred day moving average is $22.40.

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.