Bridges Investment Management Inc. Has $2.09 Million Stock Position in iShares Mortgage Real Estate ETF $REM

Bridges Investment Management Inc. reduced its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 22.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,154 shares of the company’s stock after selling 27,423 shares during the period. Bridges Investment Management Inc. owned approximately 0.36% of iShares Mortgage Real Estate ETF worth $2,088,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Miller Global Investments LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at $26,000. Sound Income Strategies LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at $38,000. Advisory Services Network LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the third quarter valued at $58,000. McIlrath & Eck LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at $79,000. Finally, Triumph Capital Management bought a new position in shares of iShares Mortgage Real Estate ETF in the third quarter valued at $106,000.

iShares Mortgage Real Estate ETF Trading Down 1.2%

BATS:REM opened at $21.55 on Thursday. iShares Mortgage Real Estate ETF has a 1-year low of $20.41 and a 1-year high of $24.05. The firm has a fifty day simple moving average of $22.10 and a 200 day simple moving average of $22.39. The stock has a market capitalization of $555.99 million, a PE ratio of 14.69 and a beta of 1.33.

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.