LPL Financial LLC Has $4.03 Million Stock Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

LPL Financial LLC decreased its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,607 shares of the company’s stock after selling 3,290 shares during the period. LPL Financial LLC owned 0.70% of iShares Mortgage Real Estate ETF worth $4,027,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. raised its position in shares of iShares Mortgage Real Estate ETF by 1.4% during the fourth quarter. Bridges Investment Management Inc. now owns 47,668 shares of the company’s stock worth $1,018,000 after acquiring an additional 663 shares during the last quarter. IFP Advisors Inc raised its holdings in iShares Mortgage Real Estate ETF by 179.6% during the 4th quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock worth $36,000 after purchasing an additional 1,083 shares during the last quarter. Barry Investment Advisors LLC lifted its position in iShares Mortgage Real Estate ETF by 0.9% during the 4th quarter. Barry Investment Advisors LLC now owns 142,732 shares of the company’s stock valued at $3,047,000 after purchasing an additional 1,241 shares during the period. Harbour Investments Inc. boosted its stake in shares of iShares Mortgage Real Estate ETF by 2.2% in the 4th quarter. Harbour Investments Inc. now owns 74,015 shares of the company’s stock valued at $1,580,000 after purchasing an additional 1,620 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of iShares Mortgage Real Estate ETF by 24.3% during the 3rd quarter. Stifel Financial Corp now owns 15,761 shares of the company’s stock worth $374,000 after buying an additional 3,085 shares during the period.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS REM opened at $19.12 on Friday. The firm has a market capitalization of $554.48 million, a price-to-earnings ratio of 10.71 and a beta of 1.38. The firm has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $22.50.

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.