Independent Financial Group LLC Acquires Shares of 125,408 iShares Mortgage Real Estate ETF $REM

Independent Financial Group LLC purchased a new stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 125,408 shares of the company’s stock, valued at approximately $2,693,000. Independent Financial Group LLC owned about 0.49% of iShares Mortgage Real Estate ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REM. Bank of New York Mellon Corp bought a new stake in iShares Mortgage Real Estate ETF during the first quarter worth about $12,703,000. BNP Paribas Financial Markets boosted its holdings in shares of iShares Mortgage Real Estate ETF by 4,415,611.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock worth $8,497,000 after acquiring an additional 397,405 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $6,252,000. Foundations Investment Advisors LLC bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $5,841,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $3,624,000.

iShares Mortgage Real Estate ETF Price Performance

REM stock opened at $22.29 on Friday. The business has a fifty day moving average price of $21.88 and a 200 day moving average price of $22.26. iShares Mortgage Real Estate ETF has a fifty-two week low of $20.41 and a fifty-two week high of $24.05. The stock has a market capitalization of $575.08 million, a price-to-earnings 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.