33,419 Shares in iShares Mortgage Real Estate ETF $REM Bought by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 33,419 shares of the company’s stock, valued at approximately $609,000.

Several other institutional investors have also added to or reduced their stakes in REM. Balefire LLC increased its stake in shares of iShares Mortgage Real Estate ETF by 0.3% in the 1st quarter. Balefire LLC now owns 208,793 shares of the company’s stock valued at $4,483,000 after purchasing an additional 609 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of iShares Mortgage Real Estate ETF by 8.5% during the 3rd quarter. IFP Advisors Inc now owns 10,210 shares of the company’s stock valued at $186,000 after purchasing an additional 804 shares during the last quarter. Arlington Capital Management Inc. increased its position in iShares Mortgage Real Estate ETF by 2.4% during the 1st quarter. Arlington Capital Management Inc. now owns 47,214 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,105 shares in the last quarter. First PREMIER Bank acquired a new stake in iShares Mortgage Real Estate ETF in the second quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the first quarter worth $43,000.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS:REM opened at $17.50 on Friday. iShares Mortgage Real Estate ETF has a 52-week low of $16.66 and a 52-week high of $24.05. The company has a market capitalization of $451.50 million, a PE ratio of 14.69 and a beta of 1.33. The company has a fifty day moving average of $18.84 and a 200-day moving average of $21.32.

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.