Park Avenue Securities LLC Makes New Investment in iShares Mortgage Real Estate ETF $REM

Park Avenue Securities LLC purchased a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,183 shares of the company’s stock, valued at approximately $538,000. Park Avenue Securities LLC owned about 0.10% of iShares Mortgage Real Estate ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in iShares Mortgage Real Estate ETF by 239.6% in the second quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after acquiring an additional 1,078 shares during the last quarter. Phillips Financial Management LLC acquired a new position in shares of iShares Mortgage Real Estate ETF during the first quarter worth approximately $51,000. Goldman Sachs Group Inc. raised its position in shares of iShares Mortgage Real Estate ETF by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock worth $246,000 after purchasing an additional 1,511 shares during the period. NBC Securities Inc. raised its position in shares of 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 period. Finally, IFP Advisors Inc raised its position in iShares Mortgage Real Estate ETF by 583.2% in the 1st quarter. IFP Advisors Inc now owns 11,519 shares of the company’s stock valued at $258,000 after buying an additional 9,833 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

BATS REM opened at $21.98 on Monday. The stock has a market cap of $567.08 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The company has a 50 day moving average of $22.41 and a two-hundred day moving average of $21.72.

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.