Sumitomo Mitsui Financial Group Inc. Acquires 2,181 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 18.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,223 shares of the company’s stock after acquiring an additional 2,181 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $304,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. IFP Advisors Inc increased its holdings in iShares Mortgage Real Estate ETF by 179.6% in the fourth quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock valued at $36,000 after purchasing an additional 1,083 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at about $215,000. Rockefeller Capital Management L.P. bought a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth about $273,000. Advyzon Investment Management LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the fourth quarter worth about $295,000. Finally, Silver Oak Securities Incorporated acquired a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter worth approximately $312,000.

iShares Mortgage Real Estate ETF Price Performance

BATS:REM opened at $20.72 on Monday. The firm’s fifty day moving average price is $22.84 and its 200 day moving average price is $22.66. The firm has a market cap of $600.88 million, a P/E ratio of 10.71 and a beta of 1.38.

iShares Mortgage Real Estate ETF 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.