Beacon Financial Advisory LLC Trims Position in iShares Mortgage Real Estate ETF (BATS:REM)

Beacon Financial Advisory LLC lessened its position in shares of iShares Mortgage Real Estate ETF (BATS:REMFree Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,926 shares of the company’s stock after selling 564 shares during the quarter. Beacon Financial Advisory LLC’s holdings in iShares Mortgage Real Estate ETF were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of REM. Qube Research & Technologies Ltd purchased a new stake in iShares Mortgage Real Estate ETF in the third quarter worth about $1,993,000. Cynosure Management LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the second quarter worth about $789,000. IFP Advisors Inc boosted its stake in shares of iShares Mortgage Real Estate ETF by 18.5% in the third quarter. IFP Advisors Inc now owns 12,871 shares of the company’s stock worth $288,000 after acquiring an additional 2,007 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of iShares Mortgage Real Estate ETF by 33.2% in the third quarter. Wealthfront Advisers LLC now owns 14,501 shares of the company’s stock worth $324,000 after acquiring an additional 3,611 shares during the period. Finally, Mariner LLC boosted its stake in iShares Mortgage Real Estate ETF by 22.2% during the third quarter. Mariner LLC now owns 38,685 shares of the company’s stock valued at $864,000 after buying an additional 7,022 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

Shares of iShares Mortgage Real Estate ETF stock opened at $22.60 on Wednesday. The company’s 50 day moving average price is $22.45 and its 200 day moving average price is $22.44. The company has a market capitalization of $636.19 million, a price-to-earnings ratio of 6.78 and a beta of 1.50.

About iShares Mortgage Real Estate ETF

(Free Report)

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.

Further Reading

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:REMFree Report).

Institutional Ownership by Quarter for iShares Mortgage Real Estate ETF (BATS:REM)

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