Soltis Investment Advisors LLC Sells 31,587 Shares of iShares Mortgage Real Estate ETF $REM

Soltis Investment Advisors LLC cut its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,407 shares of the company’s stock after selling 31,587 shares during the period. Soltis Investment Advisors LLC owned about 0.22% of iShares Mortgage Real Estate ETF worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of REM. Royal Bank of Canada grew its holdings in shares of iShares Mortgage Real Estate ETF by 66.1% in the first quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock valued at $4,864,000 after acquiring an additional 86,263 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares Mortgage Real Estate ETF by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after purchasing an additional 1,511 shares during the period. Raymond James Financial Inc. grew its holdings in iShares Mortgage Real Estate ETF by 85.3% during the second quarter. Raymond James Financial Inc. now owns 133,338 shares of the company’s stock valued at $2,851,000 after purchasing an additional 61,364 shares during the period. Bank of America Corp DE grew its holdings in iShares Mortgage Real Estate ETF by 1.9% during the second quarter. Bank of America Corp DE now owns 523,995 shares of the company’s stock valued at $11,203,000 after purchasing an additional 9,681 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in iShares Mortgage Real Estate ETF by 4,415,611.1% during the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock valued at $8,497,000 after purchasing an additional 397,405 shares during the period.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS REM opened at $21.75 on Monday. The stock has a fifty day simple moving average of $22.06 and a two-hundred day simple moving average of $22.42. iShares Mortgage Real Estate ETF has a 1-year low of $20.35 and a 1-year high of $24.05. The firm has a market cap of $561.15 million, a price-to-earnings ratio of 14.69 and a beta of 1.33.

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.