iShares Mortgage Real Estate ETF $REM Shares Sold by Comerica Bank

Comerica Bank decreased its position in iShares Mortgage Real Estate ETF (BATS:REM) by 25.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,229 shares of the company’s stock after selling 4,621 shares during the quarter. Comerica Bank owned about 0.05% of iShares Mortgage Real Estate ETF worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in iShares Mortgage Real Estate ETF by 15.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 554,028 shares of the company’s stock valued at $12,432,000 after purchasing an additional 75,361 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 valued at $9,038,000 after purchasing an additional 131,835 shares during the last quarter. Townsquare Capital LLC acquired a new position in iShares Mortgage Real Estate ETF in the 1st quarter valued at about $5,407,000. Balefire LLC raised its stake in iShares Mortgage Real Estate ETF by 4.6% in the 1st quarter. Balefire LLC now owns 210,670 shares of the company’s stock valued at $4,727,000 after purchasing an additional 9,326 shares during the last quarter. Finally, LPL Financial LLC raised its stake in iShares Mortgage Real Estate ETF by 5.0% in the 1st quarter. LPL Financial LLC now owns 198,103 shares of the company’s stock valued at $4,445,000 after purchasing an additional 9,496 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Down 0.3%

Shares of REM stock opened at $23.45 on Wednesday. The company has a fifty day moving average price of $22.23 and a 200-day moving average price of $21.78. The firm has a market cap of $605.01 million, a P/E ratio of 14.69 and a beta of 1.33.

About iShares Mortgage Real Estate ETF

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.