Cascade Financial Partners LLC boosted its position in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 27.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,250 shares of the company’s stock after acquiring an additional 4,095 shares during the period. Cascade Financial Partners LLC’s holdings in iShares Mortgage Real Estate ETF were worth $411,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in shares of iShares Mortgage Real Estate ETF by 179.6% during the 4th quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock worth $36,000 after acquiring an additional 1,083 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in iShares Mortgage Real Estate ETF during the 4th quarter worth $215,000. Rockefeller Capital Management L.P. purchased a new position in iShares Mortgage Real Estate ETF during the 3rd quarter worth $273,000. Finally, Advyzon Investment Management LLC purchased a new position in iShares Mortgage Real Estate ETF during the 4th quarter worth $295,000.
iShares Mortgage Real Estate ETF Price Performance
REM opened at $22.68 on Wednesday. The business’s 50 day moving average price is $22.41 and its two-hundred day moving average price is $22.81. The stock has a market cap of $630.50 million, a P/E ratio of 10.42 and a beta of 1.69.
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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Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
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