iShares Mortgage Real Estate ETF (BATS:REM) Shares Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC boosted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 25.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,194 shares of the company’s stock after acquiring an additional 8,543 shares during the period. Drive Wealth Management LLC owned about 0.16% of iShares Mortgage Real Estate ETF worth $1,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REM. Farther Finance Advisors LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth about $29,000. Mather Group LLC. purchased a new stake in shares of iShares Mortgage Real Estate ETF in the second quarter worth approximately $39,000. RFG Advisory LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the 2nd quarter valued at $202,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of iShares Mortgage Real Estate ETF during the first quarter worth $205,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of iShares Mortgage Real Estate ETF during the 1st quarter worth about $264,000.

iShares Mortgage Real Estate ETF Trading Down 0.1 %

Shares of REM opened at $22.63 on Monday. The firm has a market cap of $608.75 million, a price-to-earnings ratio of 6.41 and a beta of 1.30. The business’s 50 day simple moving average is $23.23 and its two-hundred day simple moving average is $23.03.

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.