Farther Finance Advisors LLC Takes $29,000 Position in iShares Mortgage Real Estate ETF (BATS:REM)

Farther Finance Advisors LLC bought a new stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the third quarter, Holdings Channel reports. The fund bought 1,210 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in shares of iShares Mortgage Real Estate ETF during the second quarter worth about $39,000. RFG Advisory LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 2nd quarter worth about $202,000. Bright Futures Wealth Management LLC. acquired a new stake in iShares Mortgage Real Estate ETF in the 1st quarter worth about $205,000. Seaview Investment Managers LLC increased its stake in iShares Mortgage Real Estate ETF by 9.4% during the 2nd quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock worth $256,000 after buying an additional 991 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in shares of iShares Mortgage Real Estate ETF during the first quarter valued at approximately $264,000.

iShares Mortgage Real Estate ETF Stock Down 0.2 %

Shares of REM stock opened at $22.62 on Friday. The company has a fifty day moving average price of $23.23 and a two-hundred day moving average price of $23.01. The stock has a market cap of $608.48 million, a price-to-earnings ratio of 6.41 and a beta of 1.30.

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.