Raymond James & Associates Acquires 53,531 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Raymond James & Associates grew its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 486.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,529 shares of the company’s stock after buying an additional 53,531 shares during the quarter. Raymond James & Associates owned approximately 0.24% of iShares Mortgage Real Estate ETF worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in REM. BNP Paribas Financial Markets grew its stake in iShares Mortgage Real Estate ETF by 4,108,233.3% during the first quarter. BNP Paribas Financial Markets now owns 246,500 shares of the company’s stock worth $5,729,000 after buying an additional 246,494 shares during the last quarter. SageView Advisory Group LLC bought a new stake in iShares Mortgage Real Estate ETF during the first quarter worth about $4,783,000. Copperwynd Financial LLC bought a new stake in iShares Mortgage Real Estate ETF during the fourth quarter worth about $1,895,000. Wells Fargo & Company MN grew its stake in iShares Mortgage Real Estate ETF by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 354,205 shares of the company’s stock worth $8,356,000 after buying an additional 70,083 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in iShares Mortgage Real Estate ETF during the fourth quarter worth about $855,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of iShares Mortgage Real Estate ETF stock opened at $23.49 on Thursday. The company has a market capitalization of $631.75 million, a PE ratio of 6.41 and a beta of 1.30. The business’s fifty day moving average price is $23.24 and its 200-day moving average price is $22.68.

iShares Mortgage Real Estate ETF Company 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.