Bank of New York Mellon Corp Purchases New Holdings in iShares Mortgage Real Estate ETF $REM

Bank of New York Mellon Corp acquired a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 591,640 shares of the company’s stock, valued at approximately $12,703,000.

Several other hedge funds have also recently bought and sold shares of REM. Royal Bank of Canada boosted its holdings in shares of iShares Mortgage Real Estate ETF by 66.1% in the 1st quarter. Royal Bank of Canada now owns 216,758 shares of the company’s stock valued at $4,864,000 after purchasing an additional 86,263 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in iShares Mortgage Real Estate ETF by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after buying an additional 1,511 shares in the last quarter. Raymond James Financial Inc. grew its position in iShares Mortgage Real Estate ETF by 85.3% in the second quarter. Raymond James Financial Inc. now owns 133,338 shares of the company’s stock valued at $2,851,000 after acquiring an additional 61,364 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Mortgage Real Estate ETF by 1.9% during the second quarter. Bank of America Corp DE now owns 523,995 shares of the company’s stock worth $11,203,000 after acquiring an additional 9,681 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock worth $8,497,000 after acquiring an additional 397,405 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of iShares Mortgage Real Estate ETF stock opened at $21.50 on Friday. 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 $554.70 million, a P/E ratio of 14.69 and a beta of 1.33. The company’s 50 day moving average price is $21.84 and its two-hundred day moving average price is $22.22.

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.