Farther Finance Advisors LLC Boosts Stake in iShares Mortgage Real Estate ETF $REM

Farther Finance Advisors LLC grew its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 239.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,528 shares of the company’s stock after purchasing an additional 1,078 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Mortgage Real Estate ETF were worth $33,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Phillips Financial Management LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the 1st quarter valued at about $51,000. Goldman Sachs Group Inc. lifted its stake in shares of iShares Mortgage Real Estate ETF by 16.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after purchasing an additional 1,511 shares during the period. IFP Advisors Inc raised its stake 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 valued at $258,000 after buying an additional 9,833 shares during the last quarter. Advyzon Investment Management LLC raised its stake in iShares Mortgage Real Estate ETF by 4.3% during the first quarter. Advyzon Investment Management LLC now owns 14,390 shares of the company’s stock valued at $323,000 after buying an additional 594 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its stake in iShares Mortgage Real Estate ETF by 11.3% during the first quarter. CreativeOne Wealth LLC now owns 16,130 shares of the company’s stock valued at $362,000 after buying an additional 1,640 shares during the last quarter.

iShares Mortgage Real Estate ETF Trading Up 0.3%

iShares Mortgage Real Estate ETF stock opened at $22.00 on Wednesday. The company has a market cap of $567.60 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The business has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $21.68.

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.