iShares Mortgage Real Estate ETF (BATS:REM) Stock Price Down 1.2% – Time to Sell?

Shares of iShares Mortgage Real Estate ETF (BATS:REM) dropped 1.2% on Monday . The stock traded as low as $21.82 and last traded at $21.90. Approximately 433,751 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 661,848 shares. The stock had previously closed at $22.16.

iShares Mortgage Real Estate ETF Price Performance

The firm has a market cap of $565.02 million, a PE ratio of 14.69 and a beta of 1.33. The company has a 50 day moving average price of $21.91 and a 200 day moving average price of $22.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of REM. Bank of America Corp DE grew its stake in shares of iShares Mortgage Real Estate ETF by 6.2% during the 1st quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock worth $12,545,000 after purchasing an additional 34,299 shares during the period. Ashton Thomas Securities LLC purchased a new stake in iShares Mortgage Real Estate ETF during the first quarter worth about $43,000. Royal Bank of Canada grew its position in iShares Mortgage Real Estate ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 114,396 shares of the company’s stock worth $2,456,000 after buying an additional 16,392 shares during the period. Quantinno Capital Management LP purchased a new position in iShares Mortgage Real Estate ETF in the first quarter valued at about $214,000. Finally, Cetera Investment Advisers increased its holdings in iShares Mortgage Real Estate ETF by 46.3% in the first quarter. Cetera Investment Advisers now owns 114,911 shares of the company’s stock valued at $2,467,000 after buying an additional 36,365 shares in the last quarter.

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.