MML Investors Services LLC Has $2.18 Million Stake in iShares Mortgage Real Estate ETF (BATS:REM)

MML Investors Services LLC lifted its position in iShares Mortgage Real Estate ETF (BATS:REM) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,249 shares of the company’s stock after buying an additional 14,152 shares during the quarter. MML Investors Services LLC owned about 0.38% of iShares Mortgage Real Estate ETF worth $2,183,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in iShares Mortgage Real Estate ETF by 179.6% during the fourth quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock valued at $36,000 after buying an additional 1,083 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $215,000. Advyzon Investment Management LLC acquired a new stake in iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $295,000. Sumitomo Mitsui Financial Group Inc. boosted its position in iShares Mortgage Real Estate ETF by 18.1% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 14,223 shares of the company’s stock worth $304,000 after purchasing an additional 2,181 shares during the period. Finally, CreativeOne Wealth LLC raised its position in shares of iShares Mortgage Real Estate ETF by 10.2% in the fourth quarter. CreativeOne Wealth LLC now owns 14,490 shares of the company’s stock valued at $309,000 after purchasing an additional 1,340 shares during the period.

iShares Mortgage Real Estate ETF Trading Up 1.7 %

Shares of BATS:REM opened at $21.21 on Tuesday. The firm has a market capitalization of $568.43 million, a P/E ratio of 9.91 and a beta of 1.38. The company has a 50-day simple moving average of $21.87 and a 200-day simple moving average of $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.