Napa Wealth Management Purchases 7,162 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Napa Wealth Management lifted its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 23.5% in the third quarter, Holdings Channel reports. The institutional investor owned 37,656 shares of the company’s stock after acquiring an additional 7,162 shares during the period. Napa Wealth Management’s holdings in iShares Mortgage Real Estate ETF were worth $894,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Avantax Advisory Services Inc. bought a new stake in shares of iShares Mortgage Real Estate ETF during the 1st quarter valued at $264,000. Comerica Bank lifted its position in iShares Mortgage Real Estate ETF by 41.7% during the first quarter. Comerica Bank now owns 16,957 shares of the company’s stock worth $394,000 after purchasing an additional 4,987 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in iShares Mortgage Real Estate ETF during the first quarter worth about $205,000. Mather Group LLC. acquired a new stake in iShares Mortgage Real Estate ETF during the second quarter worth about $39,000. Finally, Park Avenue Securities LLC increased its holdings in iShares Mortgage Real Estate ETF by 4.5% in the 2nd quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock valued at $602,000 after buying an additional 1,163 shares during the period.

iShares Mortgage Real Estate ETF Stock Down 0.1 %

Shares of BATS:REM opened at $22.63 on Monday. The firm has a market cap of $608.75 million, a PE ratio of 6.41 and a beta of 1.30. The firm has a 50 day moving average price of $23.23 and a 200 day moving average price of $23.03.

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.