Drive Wealth Management LLC Has $2.12 Million Stock Position in iShares Mortgage Real Estate ETF (BATS:REM)

Drive Wealth Management LLC grew its position in iShares Mortgage Real Estate ETF (BATS:REM) by 135.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 99,396 shares of the company’s stock after purchasing an additional 57,202 shares during the period. Drive Wealth Management LLC’s holdings in iShares Mortgage Real Estate ETF were worth $2,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of iShares Mortgage Real Estate ETF by 25.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,100 shares of the company’s stock valued at $382,000 after buying an additional 3,300 shares during the period. Jane Street Group LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at $368,000. Private Advisor Group LLC increased its stake in shares of iShares Mortgage Real Estate ETF by 144.8% in the 3rd quarter. Private Advisor Group LLC now owns 48,869 shares of the company’s stock valued at $1,160,000 after buying an additional 28,905 shares during the period. Stifel Financial Corp increased its stake in shares of iShares Mortgage Real Estate ETF by 24.3% in the 3rd quarter. Stifel Financial Corp now owns 15,761 shares of the company’s stock valued at $374,000 after buying an additional 3,085 shares during the period. Finally, Raymond James & Associates increased its stake in shares of iShares Mortgage Real Estate ETF by 78.5% in the 3rd quarter. Raymond James & Associates now owns 115,171 shares of the company’s stock valued at $2,733,000 after buying an additional 50,642 shares during the period.

iShares Mortgage Real Estate ETF Price Performance

BATS REM opened at $21.82 on Monday. The company has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $22.92. The firm has a market cap of $586.96 million, a PE ratio of 6.41 and a beta of 1.30.

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.