52,984 iShares Mortgage Real Estate ETF $REM Shares Sold by Point Nemo Capital LLC

Point Nemo Capital LLC trimmed its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 28.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,221 shares of the company’s stock after selling 52,984 shares during the quarter. iShares Mortgage Real Estate ETF accounts for about 1.1% of Point Nemo Capital LLC’s portfolio, making the stock its 18th biggest holding. Point Nemo Capital LLC owned 0.50% of iShares Mortgage Real Estate ETF worth $2,371,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Evergreen Capital Management LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the 3rd quarter worth approximately $12,421,000. Bank of New York Mellon Corp bought a new stake in shares of iShares Mortgage Real Estate ETF in the 1st quarter worth approximately $12,703,000. AdvisorNet Financial Inc acquired a new stake in iShares Mortgage Real Estate ETF during the third quarter valued at approximately $6,294,000. Independent Financial Group LLC acquired a new stake in iShares Mortgage Real Estate ETF during the first quarter valued at approximately $2,693,000. Finally, Cetera Investment Advisers lifted its stake in iShares Mortgage Real Estate ETF by 46.3% during the first quarter. Cetera Investment Advisers now owns 114,911 shares of the company’s stock valued at $2,467,000 after purchasing an additional 36,365 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS:REM opened at $17.20 on Friday. The stock has a market capitalization of $443.76 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. iShares Mortgage Real Estate ETF has a 1-year low of $16.66 and a 1-year high of $24.05. The company has a 50 day moving average price of $18.74 and a 200 day moving average price of $21.29.

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.