Evergreen Capital Management LLC Acquires 682,115 Shares of iShares Mortgage Real Estate ETF $REM

Evergreen Capital Management LLC bought a new stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 682,115 shares of the company’s stock, valued at approximately $12,421,000.

A number of other institutional investors have also recently modified their holdings of REM. IFP Advisors Inc increased its position in shares of iShares Mortgage Real Estate ETF by 8.5% in the third quarter. IFP Advisors Inc now owns 10,210 shares of the company’s stock worth $186,000 after purchasing an additional 804 shares during the period. AdvisorNet Financial Inc acquired a new position in iShares Mortgage Real Estate ETF in the third quarter valued at about $6,294,000. Envestnet Asset Management Inc. lifted its position in iShares Mortgage Real Estate ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 169,651 shares of the company’s stock worth $3,741,000 after purchasing an additional 10,907 shares during the period. Tidal Investments LLC lifted its position in iShares Mortgage Real Estate ETF by 7.9% during the second quarter. Tidal Investments LLC now owns 45,923 shares of the company’s stock worth $1,013,000 after purchasing an additional 3,375 shares during the period. Finally, Arlington Capital Management Inc. lifted its position in iShares Mortgage Real Estate ETF by 7.8% during the second quarter. Arlington Capital Management Inc. now owns 50,891 shares of the company’s stock worth $1,122,000 after purchasing an additional 3,677 shares during the period.

iShares Mortgage Real Estate ETF Stock Up 0.5%

Shares of iShares Mortgage Real Estate ETF stock opened at $17.52 on Friday. The company has a market capitalization of $452.02 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a 12-month low of $16.66 and a 12-month high of $24.05. The firm’s 50-day moving average price is $19.65 and its two-hundred day moving average price is $21.21.

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.