iShares Mortgage Real Estate ETF (BATS:REM) Shares Down 1.2% – What’s Next?

iShares Mortgage Real Estate ETF (BATS:REM)’s share price dropped 1.2% on Monday . The stock traded as low as $21.82 and last traded at $21.90. Approximately 433,751 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 661,848 shares. The stock had previously closed at $22.16.

iShares Mortgage Real Estate ETF Trading Down 1.2%

The firm has a market cap of $565.02 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The firm has a 50 day moving average price of $21.91 and a 200-day moving average price of $22.26.

Hedge Funds Weigh In On iShares Mortgage Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of iShares Mortgage Real Estate ETF in the first quarter worth $12,703,000. BNP Paribas Financial Markets lifted its position in shares of iShares Mortgage Real Estate ETF by 4,415,611.1% in the second quarter. BNP Paribas Financial Markets now owns 397,414 shares of the company’s stock valued at $8,497,000 after acquiring an additional 397,405 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of iShares Mortgage Real Estate ETF during the fourth quarter valued at $6,252,000. Foundations Investment Advisors LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the fourth quarter valued at $5,841,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in iShares Mortgage Real Estate ETF during the 4th quarter worth about $3,624,000.

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.