Mount Lucas Management LP Invests $2.79 Million in iShares Mortgage Real Estate ETF $REM

Mount Lucas Management LP acquired a new stake in iShares Mortgage Real Estate ETF (BATS:REM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 127,038 shares of the company’s stock, valued at approximately $2,791,000. iShares Mortgage Real Estate ETF comprises about 1.2% of Mount Lucas Management LP’s investment portfolio, making the stock its 12th biggest position. Mount Lucas Management LP owned approximately 0.49% of iShares Mortgage Real Estate ETF as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock valued at $8,497,000 after buying an additional 397,405 shares during the period. Clarity Financial LLC raised its position in shares of iShares Mortgage Real Estate ETF by 77.1% in the 3rd quarter. Clarity Financial LLC now owns 256,785 shares of the company’s stock worth $5,642,000 after acquiring an additional 111,766 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Mortgage Real Estate ETF by 66.1% in the 1st quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock valued at $4,864,000 after purchasing an additional 86,263 shares during the period. Raymond James Financial Inc. lifted its stake in shares of iShares Mortgage Real Estate ETF by 85.3% in the 2nd quarter. Raymond James Financial Inc. now owns 133,338 shares of the company’s stock valued at $2,851,000 after purchasing an additional 61,364 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in shares of iShares Mortgage Real Estate ETF by 84.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 121,577 shares of the company’s stock valued at $2,671,000 after purchasing an additional 55,533 shares in the last quarter.

iShares Mortgage Real Estate ETF Price Performance

BATS REM opened at $22.43 on Wednesday. The stock has a market capitalization of $578.69 million, a P/E ratio of 14.69 and a beta of 1.33. The business has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $22.52. iShares Mortgage Real Estate ETF has a one year low of $18.34 and a one 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.