Cetera Investment Advisers Acquires 36,365 Shares of iShares Mortgage Real Estate ETF $REM

Cetera Investment Advisers increased its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 46.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 114,911 shares of the company’s stock after buying an additional 36,365 shares during the period. Cetera Investment Advisers’ holdings in iShares Mortgage Real Estate ETF were worth $2,467,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in REM. Purpose Unlimited Inc. bought a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at about $35,000. Sound Income Strategies LLC bought a new stake in iShares Mortgage Real Estate ETF in the fourth quarter worth about $38,000. Advisory Services Network LLC purchased a new position in iShares Mortgage Real Estate ETF in the third quarter valued at about $58,000. McIlrath & Eck LLC purchased a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at about $79,000. Finally, Triumph Capital Management bought a new position in shares of iShares Mortgage Real Estate ETF during the 3rd quarter valued at approximately $106,000.

iShares Mortgage Real Estate ETF Stock Up 2.3%

iShares Mortgage Real Estate ETF stock opened at $21.99 on Friday. The firm has a 50 day moving average price of $21.81 and a 200-day moving average price of $22.17. iShares Mortgage Real Estate ETF has a twelve month low of $20.41 and a twelve month high of $24.05. The company has a market capitalization of $567.34 million, a P/E 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.