Prevail Innovative Wealth Advisors LLC Has $2.99 Million Holdings in iShares Mortgage Real Estate ETF $REM

Prevail Innovative Wealth Advisors LLC grew its position in iShares Mortgage Real Estate ETF (BATS:REM) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,115 shares of the company’s stock after acquiring an additional 24,147 shares during the period. Prevail Innovative Wealth Advisors LLC owned about 0.53% of iShares Mortgage Real Estate ETF worth $2,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CreativeOne Wealth LLC lifted its stake in iShares Mortgage Real Estate ETF by 7.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 19,361 shares of the company’s stock valued at $425,000 after purchasing an additional 1,263 shares during the last quarter. Trivium Point Advisory LLC increased its position in iShares Mortgage Real Estate ETF by 3.7% during the third quarter. Trivium Point Advisory LLC now owns 167,253 shares of the company’s stock worth $3,675,000 after buying an additional 6,013 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. increased its position in iShares Mortgage Real Estate ETF by 18.3% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 16,831 shares of the company’s stock worth $370,000 after buying an additional 2,608 shares during the last quarter. Mount Lucas Management LP bought a new stake in iShares Mortgage Real Estate ETF in the third quarter valued at approximately $2,791,000. Finally, JPMorgan Chase & Co. raised its stake in iShares Mortgage Real Estate ETF by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 6,285 shares of the company’s stock valued at $138,000 after buying an additional 1,305 shares during the period.

iShares Mortgage Real Estate ETF Stock Down 1.7%

REM opened at $22.14 on Friday. iShares Mortgage Real Estate ETF has a 12-month low of $18.34 and a 12-month high of $24.05. The business has a 50 day moving average of $22.85 and a 200-day moving average of $22.54. The stock has a market cap of $571.21 million, a price-to-earnings ratio of 14.69 and a beta of 1.33.

iShares Mortgage Real Estate ETF Company 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.