Raymond James Financial Inc. Makes New Investment in iShares Mortgage Real Estate ETF (BATS:REM)

Raymond James Financial Inc. purchased a new stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,917 shares of the company’s stock, valued at approximately $511,000. Raymond James Financial Inc. owned approximately 0.09% of iShares Mortgage Real Estate ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of iShares Mortgage Real Estate ETF by 18.1% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 14,223 shares of the company’s stock worth $304,000 after buying an additional 2,181 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Mortgage Real Estate ETF by 5.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 478,667 shares of the company’s stock valued at $10,220,000 after acquiring an additional 24,460 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in iShares Mortgage Real Estate ETF by 30.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,088,306 shares of the company’s stock worth $23,235,000 after purchasing an additional 254,914 shares during the last quarter. Cynosure Group LLC lifted its holdings in iShares Mortgage Real Estate ETF by 1.3% in the 4th quarter. Cynosure Group LLC now owns 99,233 shares of the company’s stock worth $2,119,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in iShares Mortgage Real Estate ETF during the fourth quarter worth approximately $1,223,000.

iShares Mortgage Real Estate ETF Stock Performance

BATS:REM opened at $21.18 on Friday. The company has a 50 day moving average price of $21.52 and a 200 day moving average price of $22.12. The company has a market capitalization of $567.62 million, a price-to-earnings ratio of 9.91 and a beta of 1.38.

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.