Raymond James & Associates Acquires 50,642 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Raymond James & Associates raised its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 78.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 115,171 shares of the company’s stock after acquiring an additional 50,642 shares during the period. Raymond James & Associates’ holdings in iShares Mortgage Real Estate ETF were worth $2,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of REM. Envestnet Asset Management Inc. grew its holdings 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 acquiring an additional 15,571 shares during the period. BNP Paribas Financial Markets increased its position in shares of iShares Mortgage Real Estate ETF by 4,108,233.3% during the 1st quarter. BNP Paribas Financial Markets now owns 246,500 shares of the company’s stock valued at $5,729,000 after purchasing an additional 246,494 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the 1st quarter worth approximately $4,783,000. Harbour Investments Inc. boosted its holdings in shares of iShares Mortgage Real Estate ETF by 1.8% in the second quarter. Harbour Investments Inc. now owns 70,259 shares of the company’s stock worth $1,557,000 after buying an additional 1,264 shares during the last quarter. Finally, Cynosure Group LLC grew its position in iShares Mortgage Real Estate ETF by 6.3% during the first quarter. Cynosure Group LLC now owns 69,858 shares of the company’s stock valued at $1,624,000 after buying an additional 4,111 shares during the period.

iShares Mortgage Real Estate ETF Trading Up 0.3 %

Shares of iShares Mortgage Real Estate ETF stock opened at $22.37 on Tuesday. The company has a market cap of $601.75 million, a PE ratio of 6.41 and a beta of 1.30. The business has a 50 day moving average of $23.45 and a two-hundred day moving average of $22.98.

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.