Millennium Management LLC Lowers Stock Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Millennium Management LLC reduced its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,934 shares of the company’s stock after selling 2,338 shares during the quarter. Millennium Management LLC owned about 0.06% of iShares Mortgage Real Estate ETF worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of REM. Wells Fargo & Company MN raised its stake in iShares Mortgage Real Estate ETF by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,088,306 shares of the company’s stock valued at $23,235,000 after purchasing an additional 254,914 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares Mortgage Real Estate ETF by 45.2% in the fourth quarter. Ameriprise Financial Inc. now owns 423,349 shares of the company’s stock valued at $9,038,000 after purchasing an additional 131,835 shares in the last quarter. Transce3nd LLC purchased a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $1,271,000. Tower Research Capital LLC TRC raised its stake in iShares Mortgage Real Estate ETF by 300.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 78,981 shares of the company’s stock valued at $1,686,000 after purchasing an additional 59,238 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $1,223,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM opened at $21.81 on Wednesday. The stock has a market capitalization of $570.33 million, a P/E ratio of 13.67 and a beta of 1.33. The company has a fifty day moving average of $20.79 and a 200 day moving average of $21.89.

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.