West Wealth Group LLC Has $210,000 Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

West Wealth Group LLC reduced its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 49.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,914 shares of the company’s stock after selling 8,680 shares during the quarter. West Wealth Group LLC’s holdings in iShares Mortgage Real Estate ETF were worth $210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of iShares Mortgage Real Estate ETF during the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC purchased a new stake in shares of iShares Mortgage Real Estate ETF during the second quarter valued at about $39,000. Money Concepts Capital Corp purchased a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $71,000. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of iShares Mortgage Real Estate ETF by 53.5% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 4,646 shares of the company’s stock worth $104,000 after purchasing an additional 1,619 shares during the period. Finally, NBC Securities Inc. acquired a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter valued at $134,000.

iShares Mortgage Real Estate ETF Stock Up 2.2 %

BATS:REM traded up $0.50 on Thursday, reaching $23.03. 507,318 shares of the company’s stock were exchanged. The stock has a market cap of $648.29 million, a price-to-earnings ratio of 6.78 and a beta of 1.50. The business has a 50-day simple moving average of $22.47 and a two-hundred day simple moving average of $22.49.

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.