iShares Mortgage Real Estate ETF $REM Shares Sold by Lido Advisors LLC

Lido Advisors LLC trimmed its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 91.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,145 shares of the company’s stock after selling 132,211 shares during the period. Lido Advisors LLC owned 0.05% of iShares Mortgage Real Estate ETF worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of REM. Purpose Unlimited Inc. acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter worth about $35,000. Sound Income Strategies LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 4th quarter valued at about $38,000. Advisory Services Network LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter valued at about $58,000. McIlrath & Eck LLC purchased a new position in iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $79,000. Finally, Triumph Capital Management purchased a new position in iShares Mortgage Real Estate ETF in the 3rd quarter worth approximately $106,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of iShares Mortgage Real Estate ETF stock opened at $21.50 on Friday. The stock’s 50 day simple moving average is $21.84 and its 200-day simple moving average is $22.22. The stock has a market cap of $554.70 million, a P/E ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a 1-year low of $20.41 and a 1-year high of $24.05.

iShares Mortgage Real Estate ETF 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.