Mount Lucas Management LP grew its position in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,160 shares of the company’s stock after acquiring an additional 12,677 shares during the quarter. iShares Mortgage Real Estate ETF comprises 0.9% of Mount Lucas Management LP’s portfolio, making the stock its 20th biggest position. Mount Lucas Management LP owned about 0.42% of iShares Mortgage Real Estate ETF worth $2,685,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of REM. Avantax Advisory Services Inc. purchased a new position in iShares Mortgage Real Estate ETF in the first quarter valued at approximately $264,000. Comerica Bank lifted its holdings in shares of iShares Mortgage Real Estate ETF by 41.7% during the 1st quarter. Comerica Bank now owns 16,957 shares of the company’s stock valued at $394,000 after acquiring an additional 4,987 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in iShares Mortgage Real Estate ETF during the 1st quarter worth $205,000. Mather Group LLC. purchased a new position in iShares Mortgage Real Estate ETF in the second quarter valued at about $39,000. Finally, Park Avenue Securities LLC boosted its position in shares of iShares Mortgage Real Estate ETF by 4.5% in the second quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock worth $602,000 after buying an additional 1,163 shares during the period.
iShares Mortgage Real Estate ETF Trading Down 0.1 %
Shares of BATS:REM opened at $22.63 on Friday. The stock has a market cap of $608.75 million, a P/E ratio of 6.41 and a beta of 1.30. The company’s 50 day moving average is $23.23 and its 200-day moving average is $23.02.
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.
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