iShares Mortgage Real Estate ETF $REM Stake Lifted by Lido Advisors LLC

Lido Advisors LLC increased its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 1,055.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 145,356 shares of the company’s stock after acquiring an additional 132,777 shares during the period. Lido Advisors LLC’s holdings in iShares Mortgage Real Estate ETF were worth $3,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in REM. BNP Paribas Financial Markets grew its stake in iShares Mortgage Real Estate ETF by 4,415,611.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock worth $8,497,000 after buying an additional 397,405 shares during the last quarter. AdvisorNet Financial Inc bought a new position in iShares Mortgage Real Estate ETF during the 4th quarter worth $6,252,000. Foundations Investment Advisors LLC bought a new position in iShares Mortgage Real Estate ETF during the 4th quarter worth $5,841,000. Mount Lucas Management LP bought a new position in iShares Mortgage Real Estate ETF during the 3rd quarter worth $2,791,000. Finally, Royal Bank of Canada grew its stake in iShares Mortgage Real Estate ETF by 66.1% during the 1st quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock worth $4,864,000 after buying an additional 86,263 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM opened at $21.68 on Monday. The company has a market cap of $559.34 million, a P/E ratio of 14.69 and a beta of 1.33. The stock has a fifty day moving average price of $22.13 and a 200 day moving average price of $22.39. iShares Mortgage Real Estate ETF has a 12 month low of $20.41 and a 12 month high of $24.05.

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.