iShares Mortgage Real Estate ETF (BATS:REM) Hits New 12-Month Low – Here’s What Happened
by Kim Johansen · The Markets DailyiShares Mortgage Real Estate ETF (BATS:REM – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $20.04 and last traded at $20.13, with a volume of 39000 shares traded. The stock had previously closed at $20.67.
iShares Mortgage Real Estate ETF Stock Performance
The company has a market cap of $519.72 million, a PE ratio of 14.69 and a beta of 1.33. The firm’s 50 day moving average is $21.81 and its 200-day moving average is $21.92.
Institutional Investors Weigh In On iShares Mortgage Real Estate ETF
Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in iShares Mortgage Real Estate ETF in the 1st quarter valued at about $12,703,000. Bank of America Corp DE lifted its position in shares of iShares Mortgage Real Estate ETF by 6.2% during the first quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock worth $12,545,000 after purchasing an additional 34,299 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of iShares Mortgage Real Estate ETF by 2.3% during the first quarter. AdvisorNet Financial Inc now owns 288,470 shares of the company’s stock worth $6,193,000 after purchasing an additional 6,577 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $5,841,000. Finally, Balefire LLC boosted its stake in shares of iShares Mortgage Real Estate ETF by 0.3% in the first quarter. Balefire LLC now owns 208,793 shares of the company’s stock valued at $4,483,000 after purchasing an additional 609 shares during the period.
About iShares Mortgage Real Estate ETF
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.