iShares Mortgage Real Estate ETF (BATS:REM – Get Free Report) shares dropped 1.2% during mid-day trading on Monday . The stock traded as low as $21.82 and last traded at $21.90. 433,751 shares traded hands during trading, a decline of 34% from the average session volume of 661,848 shares. The stock had previously closed at $22.16.
iShares Mortgage Real Estate ETF Stock Performance
The company has a market cap of $578.95 million, a PE ratio of 14.69 and a beta of 1.33. The stock has a 50 day moving average of $21.90 and a 200-day moving average of $22.26.
Institutional Investors Weigh In On iShares Mortgage Real Estate ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in REM. Kovitz Investment Group Partners LLC purchased a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at $3,624,000. Lido Advisors LLC raised its holdings in shares of iShares Mortgage Real Estate ETF by 1,055.5% during the fourth quarter. Lido Advisors LLC now owns 145,356 shares of the company’s stock valued at $3,221,000 after acquiring an additional 132,777 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in iShares Mortgage Real Estate ETF in the 4th quarter valued at $5,841,000. AdvisorNet Financial Inc purchased a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth about $6,252,000. Finally, UBS Group AG lifted its stake in iShares Mortgage Real Estate ETF by 19.0% in the 4th quarter. UBS Group AG now owns 164,391 shares of the company’s stock worth $3,646,000 after purchasing an additional 26,257 shares in the last quarter.
About iShares Mortgage Real Estate ETF
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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