Kovitz Investment Group Partners LLC purchased a new position in iShares Mortgage Real Estate ETF (BATS:REM – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 163,402 shares of the company’s stock, valued at approximately $3,624,000. Kovitz Investment Group Partners LLC owned approximately 0.63% of iShares Mortgage Real Estate ETF at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of REM. Miller Global Investments LLC purchased a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $38,000. Advisory Services Network LLC purchased a new stake in iShares Mortgage Real Estate ETF in the 3rd quarter worth approximately $58,000. McIlrath & Eck LLC purchased a new stake in iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $79,000. Finally, Triumph Capital Management bought a new position in iShares Mortgage Real Estate ETF in the 3rd quarter valued at $106,000.
iShares Mortgage Real Estate ETF Price Performance
REM opened at $21.45 on Friday. The company has a fifty day moving average price of $22.19 and a 200-day moving average price of $22.35. The firm has a market capitalization of $553.41 million, a P/E ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a one year low of $20.41 and a one year high of $24.05.
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.
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