iShares Mortgage Real Estate ETF $REM Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 91.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,145 shares of the company’s stock after selling 132,211 shares during the quarter. Lido Advisors LLC’s holdings in iShares Mortgage Real Estate ETF were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REM. Purpose Unlimited Inc. purchased a new stake in iShares Mortgage Real Estate ETF in the fourth quarter valued at approximately $35,000. Sound Income Strategies LLC purchased a new position in shares of iShares Mortgage Real Estate ETF during the fourth quarter worth $38,000. Advisory Services Network LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF in the third quarter valued at $58,000. McIlrath & Eck LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF in the fourth quarter valued at $79,000. Finally, Triumph Capital Management purchased a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at $106,000.

iShares Mortgage Real Estate ETF Trading Down 1.2%

REM opened at $21.50 on Friday. The stock’s 50-day moving average price is $21.84 and its 200 day moving average price is $22.22. iShares Mortgage Real Estate ETF has a 12-month low of $20.41 and a 12-month high of $24.05. The firm has a market cap of $554.70 million, a price-to-earnings ratio of 14.69 and a beta of 1.33.

iShares Mortgage Real Estate ETF 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.