Cynosure Group LLC Cuts Stock Position in iShares Mortgage Real Estate ETF $REM

Cynosure Group LLC decreased its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,969 shares of the company’s stock after selling 26,525 shares during the period. Cynosure Group LLC owned 0.52% of iShares Mortgage Real Estate ETF worth $2,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its position in shares of iShares Mortgage Real Estate ETF by 66.1% during the first quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock worth $4,864,000 after purchasing an additional 86,263 shares in the last quarter. Jones Financial Companies Lllp increased its position in iShares Mortgage Real Estate ETF by 75,604.0% during the 1st quarter. Jones Financial Companies Lllp now owns 152,165 shares of the company’s stock valued at $3,415,000 after buying an additional 151,964 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in iShares Mortgage Real Estate ETF by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after buying an additional 1,511 shares during the last quarter. Invst LLC raised its stake in iShares Mortgage Real Estate ETF by 33.6% in the first quarter. Invst LLC now owns 25,924 shares of the company’s stock valued at $582,000 after buying an additional 6,515 shares during the last quarter. Finally, 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 worth $33,000 after acquiring an additional 1,078 shares in the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM stock opened at $22.57 on Monday. The stock has a market capitalization of $582.18 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The business’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $22.20.

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.