Bridges Investment Management Inc. Boosts Stake in iShares Mortgage Real Estate ETF $REM

Bridges Investment Management Inc. increased its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 84.1% during the third quarter, Holdings Channel.com reports. The firm owned 121,577 shares of the company’s stock after purchasing an additional 55,533 shares during the quarter. Bridges Investment Management Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $2,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of REM. BNP Paribas Financial Markets increased its position in iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock worth $8,497,000 after buying an additional 397,405 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 388.9% during the 2nd quarter. Drive Wealth Management LLC now owns 142,151 shares of the company’s stock valued at $3,039,000 after buying an additional 113,078 shares in the last quarter. Clarity Financial LLC grew its stake in shares of iShares Mortgage Real Estate ETF by 77.1% during the 3rd quarter. Clarity Financial LLC now owns 256,785 shares of the company’s stock valued at $5,642,000 after acquiring an additional 111,766 shares during the period. Royal Bank of Canada increased its holdings in iShares Mortgage Real Estate ETF by 66.1% in the 1st quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock worth $4,864,000 after acquiring an additional 86,263 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in iShares Mortgage Real Estate ETF by 85.3% in the 2nd quarter. Raymond James Financial Inc. now owns 133,338 shares of the company’s stock worth $2,851,000 after acquiring an additional 61,364 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

BATS REM opened at $22.57 on Tuesday. The company has a market cap of $582.31 million, a PE ratio of 14.69 and a beta of 1.33. The business’s 50 day moving average price is $22.83 and its 200 day moving average price is $22.45.

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.