iShares Mortgage Real Estate ETF (BATS:REM) Shares Bought by Cynosure Group LLC

Cynosure Group LLC raised its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 99,233 shares of the company’s stock after buying an additional 1,286 shares during the period. Cynosure Group LLC’s holdings in iShares Mortgage Real Estate ETF were worth $2,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of iShares Mortgage Real Estate ETF by 179.6% during the fourth quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock worth $36,000 after acquiring an additional 1,083 shares during the last quarter. Jane Street Group LLC purchased a new position in iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $368,000. Allspring Global Investments Holdings LLC lifted its stake in iShares Mortgage Real Estate ETF by 67.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,000 shares of the company’s stock valued at $576,000 after acquiring an additional 10,900 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of iShares Mortgage Real Estate ETF by 12.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 59,281 shares of the company’s stock valued at $1,266,000 after acquiring an additional 6,784 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares Mortgage Real Estate ETF by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 31,311 shares of the company’s stock worth $743,000 after purchasing an additional 4,060 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

BATS:REM opened at $22.36 on Wednesday. The firm has a 50 day simple moving average of $22.82 and a two-hundred day simple moving average of $22.71. The stock has a market capitalization of $648.44 million, a price-to-earnings ratio of 10.71 and a beta of 1.38.

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.