iShares Mortgage Real Estate ETF (BATS:REM) Reaches New 12-Month Low – Should You Sell?

iShares Mortgage Real Estate ETF (BATS:REM)’s stock price hit a new 52-week low on Monday . The company traded as low as $19.56 and last traded at $19.6740, with a volume of 1160327 shares traded. The stock had previously closed at $19.58.

iShares Mortgage Real Estate ETF Stock Performance

The company has a market capitalization of $508.11 million, a PE ratio of 14.69 and a beta of 1.33. The stock’s 50 day moving average is $21.63 and its 200 day moving average is $21.84.

Hedge Funds Weigh In On iShares Mortgage Real Estate ETF

Several hedge funds have recently made changes to their positions in REM. Bank of New York Mellon Corp bought a new position in shares of iShares Mortgage Real Estate ETF in the first quarter valued at approximately $12,703,000. Foundations Investment Advisors LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth $5,841,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth $3,624,000. Lido Advisors LLC grew its position in 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 worth $3,221,000 after buying an additional 132,777 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in iShares Mortgage Real Estate ETF during the first quarter worth about $2,693,000.

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.