Mount Lucas Management LP Sells 46,876 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Mount Lucas Management LP lowered its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,284 shares of the company’s stock after selling 46,876 shares during the quarter. Mount Lucas Management LP owned about 0.25% of iShares Mortgage Real Estate ETF worth $1,415,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at about $29,000. IFP Advisors Inc lifted its stake in iShares Mortgage Real Estate ETF by 179.6% in 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 during the period. J.W. Cole Advisors Inc. bought a new position in shares of iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $215,000. Rockefeller Capital Management L.P. bought a new position in shares of iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $273,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $295,000.

iShares Mortgage Real Estate ETF Stock Up 2.2 %

iShares Mortgage Real Estate ETF stock opened at $23.44 on Monday. The firm has a market cap of $651.63 million, a P/E ratio of 10.42 and a beta of 1.69. The company’s 50-day moving average is $22.32 and its two-hundred day moving average is $22.81.

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.