iShares Mortgage Real Estate ETF (BATS:REM) Reaches New 52-Week Low – Time to Sell?

iShares Mortgage Real Estate ETF (BATS:REM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $20.04 and last traded at $20.13, with a volume of 39000 shares. The stock had previously closed at $20.67.

iShares Mortgage Real Estate ETF Price Performance

The company’s 50 day simple moving average is $21.81 and its 200 day simple moving average is $21.92. The firm has a market cap of $519.72 million, a price-to-earnings ratio of 14.69 and a beta of 1.33.

Hedge Funds Weigh In On iShares Mortgage Real Estate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in shares of iShares Mortgage Real Estate ETF by 7.9% during the second quarter. Tidal Investments LLC now owns 45,923 shares of the company’s stock worth $1,013,000 after buying an additional 3,375 shares in the last quarter. Arlington Capital Management Inc. raised its holdings in iShares Mortgage Real Estate ETF by 7.8% in the second quarter. Arlington Capital Management Inc. now owns 50,891 shares of the company’s stock valued at $1,122,000 after acquiring an additional 3,677 shares in the last quarter. First PREMIER Bank purchased a new position in iShares Mortgage Real Estate ETF in the second quarter worth approximately $34,000. NorthLanding Financial Partners LLC acquired a new position in iShares Mortgage Real Estate ETF during the 2nd quarter worth approximately $90,000. Finally, F&V Capital Management LLC acquired a new position in iShares Mortgage Real Estate ETF during the 2nd quarter worth approximately $395,000.

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.