Clarity Financial LLC Sells 99,928 Shares of iShares Mortgage Real Estate ETF $REM

Clarity Financial LLC cut its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,019 shares of the company’s stock after selling 99,928 shares during the period. Clarity Financial LLC owned about 0.56% of iShares Mortgage Real Estate ETF worth $3,101,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new position in iShares Mortgage Real Estate ETF during the 2nd quarter valued at about $538,000. Farther Finance Advisors LLC grew its holdings in iShares Mortgage Real Estate ETF by 239.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after purchasing an additional 1,078 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares Mortgage Real Estate ETF by 16.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after purchasing an additional 1,511 shares during the last quarter. Invst LLC grew its holdings in iShares Mortgage Real Estate ETF by 33.6% during the 1st quarter. Invst LLC now owns 25,924 shares of the company’s stock valued at $582,000 after purchasing an additional 6,515 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in iShares Mortgage Real Estate ETF by 75,604.0% during the 1st quarter. Jones Financial Companies Lllp now owns 152,165 shares of the company’s stock valued at $3,415,000 after purchasing an additional 151,964 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS:REM opened at $22.24 on Thursday. The company has a market cap of $573.79 million, a P/E ratio of 14.69 and a beta of 1.33. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $21.71.

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.