AdvisorNet Financial Inc Buys Shares of 281,893 iShares Mortgage Real Estate ETF $REM

AdvisorNet Financial Inc bought a new stake in iShares Mortgage Real Estate ETF (BATS:REM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 281,893 shares of the company’s stock, valued at approximately $6,252,000. AdvisorNet Financial Inc owned 1.09% of iShares Mortgage Real Estate ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Miller Global Investments LLC purchased a new stake in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $26,000. JPMorgan Chase & Co. lifted its stake in iShares Mortgage Real Estate ETF by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 6,285 shares of the company’s stock worth $138,000 after purchasing an additional 1,305 shares in the last quarter. Triumph Capital Management purchased a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth $106,000. Advisory Services Network LLC purchased a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth $58,000. Finally, First Foundation Advisors grew its stake in shares of iShares Mortgage Real Estate ETF by 16.6% in the third quarter. First Foundation Advisors now owns 35,066 shares of the company’s stock valued at $770,000 after buying an additional 5,002 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

REM stock opened at $21.61 on Friday. The business’s fifty day moving average price is $22.22 and its 200 day moving average price is $22.33. iShares Mortgage Real Estate ETF has a 12-month low of $18.34 and a 12-month high of $24.05. The company has a market capitalization of $557.54 million, a PE ratio of 14.69 and a beta of 1.33.

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.