Foundations Investment Advisors LLC Acquires New Position in iShares Mortgage Real Estate ETF $REM

Foundations Investment Advisors LLC acquired a new stake in iShares Mortgage Real Estate ETF (BATS:REM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 263,352 shares of the company’s stock, valued at approximately $5,841,000.

Other large investors have also bought and sold shares of the company. Miller Global Investments LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $38,000. Advisory Services Network LLC acquired a new position in iShares Mortgage Real Estate ETF in the third quarter valued at approximately $58,000. McIlrath & Eck LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $79,000. Finally, Triumph Capital Management acquired a new position in iShares Mortgage Real Estate ETF in the third quarter valued at approximately $106,000.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS REM opened at $22.04 on Friday. The company’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $22.40. iShares Mortgage Real Estate ETF has a fifty-two week low of $20.41 and a fifty-two week high of $24.05. The firm has a market capitalization of $568.63 million, a P/E ratio of 14.69 and a beta of 1.33.

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.