iShares Mortgage Real Estate ETF (BATS:REM) Shares Down 0.2% – What’s Next?

iShares Mortgage Real Estate ETF (BATS:REM) were down 0.2% during trading on Monday . The stock traded as low as $23.40 and last traded at $23.52. Approximately 1,280,983 shares were traded during mid-day trading, The stock had previously closed at $23.57.

iShares Mortgage Real Estate ETF Price Performance

The stock has a market cap of $606.30 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The business has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $22.39.

Institutional Investors Weigh In On iShares Mortgage Real Estate ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Miller Global Investments LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth about $26,000. Global Retirement Partners LLC lifted its stake in iShares Mortgage Real Estate ETF by 64.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,289 shares of the company’s stock valued at $28,000 after purchasing an additional 506 shares during the last quarter. Farther Finance Advisors LLC boosted its position in iShares Mortgage Real Estate ETF by 239.6% in the second quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after buying an additional 1,078 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $38,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the third quarter worth $58,000.

About iShares Mortgage Real Estate ETF

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.