iShares Mortgage Real Estate ETF $REM Position Reduced by Point Nemo Capital LLC

Point Nemo Capital LLC trimmed its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,221 shares of the company’s stock after selling 52,984 shares during the quarter. iShares Mortgage Real Estate ETF accounts for 1.1% of Point Nemo Capital LLC’s portfolio, making the stock its 18th largest holding. Point Nemo Capital LLC’s holdings in iShares Mortgage Real Estate ETF were worth $2,371,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC bought a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at approximately $12,421,000. Bank of New York Mellon Corp bought a new position in shares of iShares Mortgage Real Estate ETF during the 1st quarter worth approximately $12,703,000. AdvisorNet Financial Inc bought a new position in shares of iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $6,294,000. Independent Financial Group LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the 1st quarter worth approximately $2,693,000. Finally, Cetera Investment Advisers boosted its stake in iShares Mortgage Real Estate ETF by 46.3% in the 1st quarter. Cetera Investment Advisers now owns 114,911 shares of the company’s stock valued at $2,467,000 after buying an additional 36,365 shares in the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM stock opened at $17.20 on Friday. The stock’s fifty day simple moving average is $18.74 and its 200 day simple moving average is $21.29. The firm has a market cap of $443.76 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a one year low of $16.66 and a one year high of $24.05.

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.