Envestnet Asset Management Inc. Boosts Stock Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Envestnet Asset Management Inc. increased its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,028 shares of the company’s stock after buying an additional 75,361 shares during the period. Envestnet Asset Management Inc. owned 2.07% of iShares Mortgage Real Estate ETF worth $12,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in REM. Wells Fargo & Company MN boosted its holdings 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 worth $23,235,000 after purchasing an additional 254,914 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares Mortgage Real Estate ETF by 45.2% in the 4th quarter. Ameriprise Financial Inc. now owns 423,349 shares of the company’s stock worth $9,038,000 after buying an additional 131,835 shares in the last quarter. Transce3nd LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter worth $1,271,000. Tower Research Capital LLC TRC boosted its stake in shares of iShares Mortgage Real Estate ETF by 300.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 78,981 shares of the company’s stock worth $1,686,000 after purchasing an additional 59,238 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in iShares Mortgage Real Estate ETF in the 4th quarter valued at about $1,223,000.

iShares Mortgage Real Estate ETF Stock Performance

BATS:REM opened at $21.64 on Friday. The company has a market cap of $558.18 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The firm has a 50 day simple moving average of $21.44 and a 200-day simple moving average of $21.73.

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.