Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,900 shares of the company’s stock after selling 1,308 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.13% of iShares Mortgage Real Estate ETF worth $788,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in REM. Clarity Financial LLC boosted its stake in iShares Mortgage Real Estate ETF by 15.8% during the 4th quarter. Clarity Financial LLC now owns 13,053 shares of the company’s stock valued at $308,000 after acquiring an additional 1,785 shares during the last quarter. Raymond James & Associates lifted its position in shares of iShares Mortgage Real Estate ETF by 24.6% in the 4th quarter. Raymond James & Associates now owns 12,116 shares of the company’s stock worth $286,000 after buying an additional 2,392 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of iShares Mortgage Real Estate ETF by 7.3% in the 4th quarter. Bridges Investment Management Inc. now owns 32,177 shares of the company’s stock worth $759,000 after buying an additional 2,200 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter worth about $70,000. Finally, ORG Partners LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter worth about $48,000.
iShares Mortgage Real Estate ETF Stock Performance
iShares Mortgage Real Estate ETF stock opened at $23.58 on Friday. The business has a 50-day simple moving average of $22.46 and a 200-day simple moving average of $22.54. The company has a market cap of $634.30 million, a P/E ratio of 6.41 and a beta of 1.30.
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.
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