Simplex Trading LLC Sells 37,164 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Simplex Trading LLC reduced its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 77.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,118 shares of the company’s stock after selling 37,164 shares during the period. Simplex Trading LLC’s holdings in iShares Mortgage Real Estate ETF were worth $262,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new stake in shares of iShares Mortgage Real Estate ETF in the third quarter valued at about $3,658,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at about $1,993,000. Invst LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 115.8% in the 3rd quarter. Invst LLC now owns 61,869 shares of the company’s stock worth $1,382,000 after purchasing an additional 33,205 shares during the period. Baker Avenue Asset Management LP boosted its stake in shares of iShares Mortgage Real Estate ETF by 103.5% during the third quarter. Baker Avenue Asset Management LP now owns 57,221 shares of the company’s stock valued at $1,278,000 after purchasing an additional 29,102 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Mortgage Real Estate ETF by 5.4% during the third quarter. Envestnet Asset Management Inc. now owns 438,193 shares of the company’s stock valued at $9,789,000 after purchasing an additional 22,621 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Down 0.6 %

Shares of BATS:REM opened at $22.61 on Wednesday. The business has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $22.47. The company has a market capitalization of $608.21 million, a P/E ratio of 6.41 and a beta of 1.30.

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.