Brookstone Capital Management Decreases Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Brookstone Capital Management cut its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,644 shares of the company’s stock after selling 3,606 shares during the quarter. Brookstone Capital Management owned approximately 0.14% of iShares Mortgage Real Estate ETF worth $889,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of iShares Mortgage Real Estate ETF during the 4th quarter valued at $26,000. Bfsg LLC bought a new position in iShares Mortgage Real Estate ETF in the 1st quarter worth about $33,000. Mather Group LLC. bought a new position in iShares Mortgage Real Estate ETF in the 2nd quarter worth about $39,000. International Assets Investment Management LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the 4th quarter valued at about $70,000. Finally, BTS Asset Management Inc. bought a new stake in shares of iShares Mortgage Real Estate ETF during the 1st quarter valued at about $88,000.

iShares Mortgage Real Estate ETF Trading Up 0.5 %

Shares of REM opened at $23.32 on Monday. The company has a market cap of $627.31 million, a P/E ratio of 6.41 and a beta of 1.30. The firm’s 50-day simple moving average is $22.84 and its 200-day simple moving average is $22.53.

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.