Drive Wealth Management LLC Has $1 Million Position in iShares Mortgage Real Estate ETF (BATS:REM)

Drive Wealth Management LLC raised its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 25.4% in the third quarter, HoldingsChannel.com reports. The firm owned 42,194 shares of the company’s stock after buying an additional 8,543 shares during the period. Drive Wealth Management LLC’s holdings in iShares Mortgage Real Estate ETF were worth $1,001,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AlphaCentric Advisors LLC grew its holdings in shares of iShares Mortgage Real Estate ETF by 5.3% during the third quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock valued at $354,000 after buying an additional 745 shares during the last quarter. Seaview Investment Managers LLC boosted its stake in iShares Mortgage Real Estate ETF by 9.4% during the 2nd quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock valued at $256,000 after purchasing an additional 991 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Mortgage Real Estate ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock worth $356,000 after purchasing an additional 1,099 shares in the last quarter. Barry Investment Advisors LLC raised its stake in shares of iShares Mortgage Real Estate ETF by 0.8% in the third quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock worth $3,358,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of iShares Mortgage Real Estate ETF by 4.5% in the second quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock valued at $602,000 after purchasing an additional 1,163 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS:REM opened at $22.63 on Monday. The firm’s 50-day moving average is $23.23 and its 200 day moving average is $23.03. The stock has a market capitalization of $608.75 million, a PE ratio of 6.41 and a beta of 1.30.

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.