Park Avenue Securities LLC Sells 9,596 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Park Avenue Securities LLC lowered its position in iShares Mortgage Real Estate ETF (BATS:REM) by 34.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,868 shares of the company’s stock after selling 9,596 shares during the period. Park Avenue Securities LLC’s holdings in iShares Mortgage Real Estate ETF were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the third quarter valued at about $29,000. Rockefeller Capital Management L.P. bought a new stake in iShares Mortgage Real Estate ETF during the 3rd quarter valued at approximately $273,000. NBC Securities Inc. lifted its holdings in iShares Mortgage Real Estate ETF by 25.4% in the 3rd quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after purchasing an additional 2,385 shares in the last quarter. AlphaCentric Advisors LLC boosted its stake in iShares Mortgage Real Estate ETF by 5.3% in the 3rd quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock worth $354,000 after purchasing an additional 745 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares Mortgage Real Estate ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after buying an additional 1,099 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

iShares Mortgage Real Estate ETF stock opened at $21.82 on Friday. The company has a market capitalization of $586.96 million, a PE ratio of 6.41 and a beta of 1.30. The firm’s 50-day moving average is $22.13 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.