Qube Research & Technologies Ltd acquired a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) in the 3rd quarter, Holdings Channel reports. The fund acquired 89,192 shares of the company’s stock, valued at approximately $1,993,000.
A number of other hedge funds have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC bought a new position in shares of iShares Mortgage Real Estate ETF in the 2nd quarter valued at about $39,000. Money Concepts Capital Corp acquired a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at about $71,000. Sumitomo Mitsui Financial Group Inc. raised its holdings in iShares Mortgage Real Estate ETF by 53.5% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 4,646 shares of the company’s stock worth $104,000 after acquiring an additional 1,619 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in iShares Mortgage Real Estate ETF during the third quarter worth about $134,000.
iShares Mortgage Real Estate ETF Stock Performance
REM stock opened at $22.69 on Tuesday. The company has a market capitalization of $638.72 million, a P/E ratio of 6.78 and a beta of 1.50. The company has a fifty day moving average of $22.62 and a 200 day moving average of $22.58.
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.
See Also
Want to see what other hedge funds are holding REM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Mortgage Real Estate ETF (BATS:REM – Free Report).
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