Endowment Wealth Management Inc. Takes Position in iShares Mortgage Real Estate ETF $REM

Endowment Wealth Management Inc. bought a new position in iShares Mortgage Real Estate ETF (BATS:REM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,565 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in REM. Janney Montgomery Scott LLC raised its stake in iShares Mortgage Real Estate ETF by 18.9% during the first quarter. Janney Montgomery Scott LLC now owns 70,507 shares of the company’s stock valued at $1,582,000 after purchasing an additional 11,226 shares in the last quarter. Balefire LLC boosted its holdings in shares of iShares Mortgage Real Estate ETF by 4.6% in the 1st quarter. Balefire LLC now owns 210,670 shares of the company’s stock worth $4,727,000 after purchasing an additional 9,326 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of iShares Mortgage Real Estate ETF by 5.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 28,600 shares of the company’s stock worth $642,000 after purchasing an additional 1,600 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Mortgage Real Estate ETF by 15.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 554,028 shares of the company’s stock worth $12,432,000 after purchasing an additional 75,361 shares during the period. Finally, Phillips Financial Management LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the 1st quarter worth approximately $51,000.

iShares Mortgage Real Estate ETF Trading Down 1.0%

Shares of iShares Mortgage Real Estate ETF stock opened at $21.69 on Monday. The stock has a market cap of $559.60 million, a PE ratio of 14.69 and a beta of 1.33. The business has a 50 day moving average of $22.42 and a 200 day moving average of $21.65.

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.