NBC Securities Inc. Boosts Stake in iShares Mortgage Real Estate ETF (BATS:REM)

NBC Securities Inc. lifted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 25.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,792 shares of the company’s stock after buying an additional 2,385 shares during the period. NBC Securities Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in iShares Mortgage Real Estate ETF by 23.6% in the first quarter. Janney Montgomery Scott LLC now owns 44,816 shares of the company’s stock worth $1,042,000 after purchasing an additional 8,552 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in iShares Mortgage Real Estate ETF during the first quarter valued at about $264,000. Private Advisor Group LLC increased its holdings in iShares Mortgage Real Estate ETF by 7.2% during the first quarter. Private Advisor Group LLC now owns 41,586 shares of the company’s stock worth $966,000 after buying an additional 2,786 shares during the last quarter. Park Avenue Securities LLC raised its position in 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 acquiring an additional 1,163 shares during the period. Finally, Raymond James & Associates boosted its stake in iShares Mortgage Real Estate ETF by 486.7% in the second quarter. Raymond James & Associates now owns 64,529 shares of the company’s stock valued at $1,430,000 after acquiring an additional 53,531 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM stock opened at $23.52 on Friday. The stock has a market cap of $632.69 million, a price-to-earnings ratio of 6.41 and a beta of 1.30. The business’s 50-day moving average is $23.56 and its 200 day moving average is $22.92.

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.