Envestnet Asset Management Inc. Has $13.97 Million Stock Holdings in iShares Mortgage Real Estate ETF $REM

Envestnet Asset Management Inc. grew its position in iShares Mortgage Real Estate ETF (BATS:REM) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,956 shares of the company’s stock after purchasing an additional 35,551 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.46% of iShares Mortgage Real Estate ETF worth $13,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of REM. Global Retirement Partners LLC grew its stake in iShares Mortgage Real Estate ETF by 64.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,289 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in iShares Mortgage Real Estate ETF during the second quarter valued at about $94,000. Fortitude Family Office LLC grew its position in shares of iShares Mortgage Real Estate ETF by 3,400.0% in the third quarter. Fortitude Family Office LLC now owns 7,805 shares of the company’s stock valued at $171,000 after purchasing an additional 7,582 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $246,000 after purchasing an additional 1,511 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in shares of iShares Mortgage Real Estate ETF in the second quarter worth about $323,000.

iShares Mortgage Real Estate ETF Stock Up 0.4%

Shares of BATS:REM opened at $22.79 on Tuesday. The company has a market cap of $587.98 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The business has a 50 day moving average price of $22.81 and a 200 day moving average price of $22.49. iShares Mortgage Real Estate ETF has a twelve month low of $18.34 and a twelve month high of $24.05.

iShares Mortgage Real Estate ETF 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.