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

Bridges Investment Management Inc. reduced its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 22.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 94,154 shares of the company’s stock after selling 27,423 shares during the quarter. Bridges Investment Management Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $2,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in iShares Mortgage Real Estate ETF by 5.9% in the third quarter. Envestnet Asset Management Inc. now owns 635,956 shares of the company’s stock valued at $13,972,000 after acquiring an additional 35,551 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares Mortgage Real Estate ETF by 3.2% in the third quarter. Bank of America Corp DE now owns 540,992 shares of the company’s stock valued at $11,886,000 after acquiring an additional 16,997 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock valued at $8,497,000 after acquiring an additional 397,405 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in iShares Mortgage Real Estate ETF by 2.7% in the fourth quarter. Evergreen Capital Management LLC now owns 344,660 shares of the company’s stock valued at $7,645,000 after acquiring an additional 8,965 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $6,252,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM stock opened at $21.55 on Thursday. The business’s 50 day simple moving average is $22.10 and its 200 day simple moving average is $22.39. iShares Mortgage Real Estate ETF has a one year low of $20.41 and a one year high of $24.05. The stock has a market capitalization of $555.99 million, a PE ratio of 14.69 and a beta of 1.33.

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.