LPL Financial LLC Purchases 9,496 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

LPL Financial LLC raised its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,103 shares of the company’s stock after buying an additional 9,496 shares during the period. LPL Financial LLC owned 0.74% of iShares Mortgage Real Estate ETF worth $4,445,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Phillips Financial Management LLC acquired a new position in iShares Mortgage Real Estate ETF in the first quarter valued at $51,000. NBC Securities Inc. boosted its holdings in iShares Mortgage Real Estate ETF by 102,000.0% during the first quarter. NBC Securities Inc. now owns 11,231 shares of the company’s stock worth $252,000 after purchasing an additional 11,220 shares during the last quarter. IFP Advisors Inc boosted its holdings in iShares Mortgage Real Estate ETF by 583.2% during the first quarter. IFP Advisors Inc now owns 11,519 shares of the company’s stock worth $258,000 after purchasing an additional 9,833 shares during the last quarter. Two Sigma Securities LLC grew its position in shares of iShares Mortgage Real Estate ETF by 41.0% during the 4th quarter. Two Sigma Securities LLC now owns 12,166 shares of the company’s stock valued at $260,000 after acquiring an additional 3,540 shares during the period. Finally, FWL Investment Management LLC grew its position in shares of iShares Mortgage Real Estate ETF by 1,031.9% during the 4th quarter. FWL Investment Management LLC now owns 13,062 shares of the company’s stock valued at $279,000 after acquiring an additional 11,908 shares during the period.

iShares Mortgage Real Estate ETF Stock Down 0.7%

Shares of REM stock opened at $22.31 on Friday. The stock has a market cap of $575.60 million, a PE ratio of 14.69 and a beta of 1.33. The company’s 50 day simple moving average is $21.73 and its 200 day simple moving average is $21.79.

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.