Bridges Investment Management Inc. Grows Stock Holdings in iShares Mortgage Real Estate ETF $REM

Bridges Investment Management Inc. raised its position in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 39.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,044 shares of the company’s stock after buying an additional 18,526 shares during the quarter. Bridges Investment Management Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $1,412,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 239.6% during the second quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after buying an additional 1,078 shares during the last quarter. Phillips Financial Management LLC purchased a new stake in shares of iShares Mortgage Real Estate ETF during the first quarter valued at about $51,000. Endowment Wealth Management Inc. purchased a new stake in shares of iShares Mortgage Real Estate ETF during the second quarter valued at about $205,000. Goldman Sachs Group Inc. lifted its position in shares of iShares Mortgage Real Estate ETF by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after buying an additional 1,511 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of iShares Mortgage Real Estate ETF by 583.2% during the first quarter. IFP Advisors Inc now owns 11,519 shares of the company’s stock valued at $258,000 after buying an additional 9,833 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Down 1.6%

Shares of iShares Mortgage Real Estate ETF stock opened at $21.78 on Friday. The stock has a market cap of $561.92 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The firm 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.