Mount Lucas Management LP decreased its holdings in iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 14.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 100,483 shares of the company’s stock after selling 16,530 shares during the quarter. Mount Lucas Management LP’s holdings in iShares Mortgage Real Estate ETF were worth $2,227,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. AXS Investments LLC bought a new position in iShares Mortgage Real Estate ETF in the 4th quarter valued at about $826,000. Janney Montgomery Scott LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,816 shares of the company’s stock worth $1,042,000 after buying an additional 8,552 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of iShares Mortgage Real Estate ETF during the 1st quarter worth approximately $264,000. NBC Securities Inc. lifted its position in shares of iShares Mortgage Real Estate ETF by 20.7% during the 1st quarter. NBC Securities Inc. now owns 9,032 shares of the company’s stock worth $219,000 after buying an additional 1,550 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 7.2% during the 1st quarter. Private Advisor Group LLC now owns 41,586 shares of the company’s stock worth $966,000 after buying an additional 2,786 shares in the last quarter.
iShares Mortgage Real Estate ETF Stock Down 0.4 %
Shares of iShares Mortgage Real Estate ETF stock traded down $0.09 during mid-day trading on Friday, hitting $23.58. 151,016 shares of the stock were exchanged. The firm’s 50 day moving average is $23.30 and its 200-day moving average is $22.70. The stock has a market capitalization of $634.30 million, a P/E ratio of 6.41 and a beta of 1.30.
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.
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Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
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