iShares Mortgage Real Estate ETF (BATS:REM) Shares Down 0.2% – What’s Next?

iShares Mortgage Real Estate ETF (BATS:REM) shares traded down 0.2% during trading on Monday . The company traded as low as $23.40 and last traded at $23.52. 1,280,983 shares traded hands during mid-day trading, The stock had previously closed at $23.57.

iShares Mortgage Real Estate ETF Stock Down 0.1%

The firm has a 50-day moving average of $22.66 and a two-hundred day moving average of $22.39. The company has a market capitalization of $606.30 million, a PE ratio of 14.69 and a beta of 1.33.

Hedge Funds Weigh In On iShares Mortgage Real Estate ETF

Several institutional investors have recently made changes to their positions in REM. Sound Income Strategies LLC purchased a new stake in iShares Mortgage Real Estate ETF during the fourth quarter worth $38,000. Ethos Financial Group LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth about $250,000. AdvisorNet Financial Inc acquired a new stake in shares of iShares Mortgage Real Estate ETF during the 4th quarter valued at about $6,252,000. Miller Global Investments LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at about $26,000. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares Mortgage Real Estate ETF by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,285 shares of the company’s stock valued at $138,000 after purchasing an additional 1,305 shares in the last quarter.

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.