Thrivent Financial for Lutherans Acquires 16,312 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Thrivent Financial for Lutherans increased its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 24.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 83,724 shares of the company’s stock after purchasing an additional 16,312 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares Mortgage Real Estate ETF were worth $1,990,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in shares of iShares Mortgage Real Estate ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 433,741 shares of the company’s stock worth $9,612,000 after purchasing an additional 15,571 shares during the last quarter. Barry Investment Advisors LLC boosted its position in iShares Mortgage Real Estate ETF by 0.8% during the third quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock valued at $3,358,000 after acquiring an additional 1,113 shares during the last quarter. Raymond James & Associates boosted its position in iShares Mortgage Real Estate ETF by 78.5% during the third quarter. Raymond James & Associates now owns 115,171 shares of the company’s stock valued at $2,733,000 after acquiring an additional 50,642 shares during the last quarter. Mount Lucas Management LP boosted its position in iShares Mortgage Real Estate ETF by 12.6% during the third quarter. Mount Lucas Management LP now owns 113,160 shares of the company’s stock valued at $2,685,000 after acquiring an additional 12,677 shares during the last quarter. Finally, Clarity Financial LLC boosted its position in iShares Mortgage Real Estate ETF by 680.8% during the third quarter. Clarity Financial LLC now owns 109,593 shares of the company’s stock valued at $2,601,000 after acquiring an additional 95,557 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Up 0.7 %

Shares of REM opened at $23.24 on Friday. The company has a market capitalization of $625.16 million, a PE ratio of 6.41 and a beta of 1.30. The firm’s 50 day moving average price is $23.06 and its two-hundred day moving average price is $23.04.

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.