UBS Group AG Buys 26,257 Shares of iShares Mortgage Real Estate ETF $REM

UBS Group AG grew its stake in iShares Mortgage Real Estate ETF (BATS:REM) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,391 shares of the company’s stock after purchasing an additional 26,257 shares during the quarter. UBS Group AG owned approximately 0.64% of iShares Mortgage Real Estate ETF worth $3,646,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Miller Global Investments LLC bought a new position in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in iShares Mortgage Real Estate ETF in the fourth quarter worth $38,000. Advisory Services Network LLC purchased a new position in iShares Mortgage Real Estate ETF in the third quarter worth $58,000. Triumph Capital Management purchased a new position in iShares Mortgage Real Estate ETF in the third quarter worth $106,000. Finally, JPMorgan Chase & Co. boosted its position in iShares Mortgage Real Estate ETF by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 6,285 shares of the company’s stock worth $138,000 after purchasing an additional 1,305 shares during the last quarter.

iShares Mortgage Real Estate ETF Trading Down 0.5%

REM stock opened at $21.72 on Friday. The stock’s fifty day simple moving average is $22.01 and its two-hundred day simple moving average is $22.40. iShares Mortgage Real Estate ETF has a 1-year low of $20.41 and a 1-year high of $24.05. The stock has a market cap of $560.38 million, a P/E ratio of 14.69 and a beta of 1.33.

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.