Sumitomo Mitsui Trust Holdings Co., Ltd. reduced its holdings in the iShares Mortgage Real Estate ETF (BATS:REM – free report) by 3.7% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund sold 1,308 shares during the quarter and now holds 33,900 shares of the company. Sumitomo Mitsui Trust Holdings Co., Ltd. held about 0.13% of the iShares Mortgage Real Estate ETF worth $788,000 at the end of the most recent quarter.
Other large investors have also recently added or reduced their stake in REM. Clarity Financial LLC increased its holdings in the iShares Mortgage Real Estate ETF by 15.8% in the fourth quarter. Clarity Financial LLC now holds 13,053 shares of the company's stock, valued at $308,000, after acquiring an additional 1,785 shares in the last quarter. Raymond James & Associates increased its holdings in the iShares Mortgage Real Estate ETF by 24.6% in the fourth quarter. Raymond James & Associates now holds 12,116 shares of the company's stock, valued at $286,000, after purchasing an additional 2,392 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in iShares Mortgage Real Estate ETF by 7.3% during the fourth quarter. Bridges Investment Management Inc. now owns 32,177 shares of the company's stock valued at $759,000 after purchasing an additional 2,200 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $70,000. Finally, ORG Partners LLC purchased a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $48,000.
iShares Mortgage Real Estate ETF Stock Performance
Shares of iShares Mortgage Real Estate ETF opened trading at $23.58 on Friday. The company's 50-day simple moving average is $22.46 and its 200-day simple moving average is $22.54. The company has a market capitalization of $634.3 million, a P/E ratio of 6.41 and a beta of 1.30.
About iShares Mortgage Real Estate ETF
(Free report)
iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund based on the FTSE Nareit All Mortgage Capped Index, a market capitalization weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.
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