Cambridge Investment Research Advisors Inc. Cuts Position in iShares Mortgage Real Estate ETF (BATS:REM)

Cambridge Investment Research Advisors Inc. decreased its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,445 shares of the company’s stock after selling 1,411 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.15% of iShares Mortgage Real Estate ETF worth $908,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in iShares Mortgage Real Estate ETF by 3.7% in the fourth quarter. Comerica Bank now owns 17,850 shares of the company’s stock valued at $381,000 after purchasing an additional 639 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Mortgage Real Estate ETF by 18.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 70,507 shares of the company’s stock worth $1,582,000 after buying an additional 11,226 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in iShares Mortgage Real Estate ETF by 32.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 25,042 shares of the company’s stock valued at $535,000 after acquiring an additional 6,120 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Mortgage Real Estate ETF in the 4th quarter valued at about $511,000. Finally, CreativeOne Wealth LLC increased its holdings in iShares Mortgage Real Estate ETF by 10.2% during the 4th quarter. CreativeOne Wealth LLC now owns 14,490 shares of the company’s stock valued at $309,000 after acquiring an additional 1,340 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Up 0.1%

Shares of BATS REM opened at $21.98 on Monday. The stock has a market capitalization of $567.08 million, a P/E ratio of 14.69 and a beta of 1.33. The firm has a 50-day simple moving average of $21.29 and a 200-day simple moving average of $21.69.

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.