Napa Wealth Management Purchases 7,162 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Napa Wealth Management increased its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 23.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 37,656 shares of the company’s stock after purchasing an additional 7,162 shares during the period. Napa Wealth Management owned 0.14% of iShares Mortgage Real Estate ETF worth $894,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AlphaCentric Advisors LLC boosted its stake in shares of iShares Mortgage Real Estate ETF by 5.3% during the 3rd quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock worth $354,000 after acquiring an additional 745 shares during the period. Seaview Investment Managers LLC boosted its position in iShares Mortgage Real Estate ETF by 9.4% during the second quarter. Seaview Investment Managers LLC now owns 11,557 shares of the company’s stock worth $256,000 after purchasing an additional 991 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Mortgage Real Estate ETF by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after purchasing an additional 1,099 shares during the last quarter. Barry Investment Advisors LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 0.8% in the third quarter. Barry Investment Advisors LLC now owns 141,491 shares of the company’s stock valued at $3,358,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of iShares Mortgage Real Estate ETF by 4.5% in the second quarter. Park Avenue Securities LLC now owns 27,167 shares of the company’s stock valued at $602,000 after purchasing an additional 1,163 shares during the period.

iShares Mortgage Real Estate ETF Stock Down 0.1 %

Shares of REM stock opened at $22.63 on Monday. The company has a market cap of $608.75 million, a P/E ratio of 6.41 and a beta of 1.30. The business’s 50 day moving average is $23.23 and its 200-day moving average is $23.03.

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.