Janney Montgomery Scott LLC Raises Position in iShares Mortgage Real Estate ETF (BATS:REM)

Janney Montgomery Scott LLC grew its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 10.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 52,497 shares of the company’s stock after purchasing an additional 5,134 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Mortgage Real Estate ETF were worth $1,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in REM. Farther Finance Advisors LLC bought a new position in iShares Mortgage Real Estate ETF in the 3rd quarter valued at approximately $29,000. Mather Group LLC. bought a new position in shares of iShares Mortgage Real Estate ETF during the second quarter valued at $39,000. RFG Advisory LLC purchased a new stake in shares of iShares Mortgage Real Estate ETF during the second quarter valued at $202,000. Bright Futures Wealth Management LLC. bought a new stake in iShares Mortgage Real Estate ETF in the 1st quarter worth about $205,000. Finally, Avantax Advisory Services Inc. purchased a new position in iShares Mortgage Real Estate ETF in the 1st quarter worth about $264,000.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS REM opened at $22.67 on Friday. The company’s 50-day moving average is $23.25 and its 200-day moving average is $23.01. The stock has a market cap of $609.69 million, a P/E 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.