iShares Mortgage Real Estate ETF (BATS:REM) Shares Up 0.4% – Time to Buy?

iShares Mortgage Real Estate ETF (BATS:REM)’s share price rose 0.4% on Monday . The company traded as high as $23.17 and last traded at $23.07. Approximately 320,810 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 805,008 shares. The stock had previously closed at $22.98.

iShares Mortgage Real Estate ETF Stock Up 0.4%

The company has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $22.37. The company has a market capitalization of $595.21 million, a P/E ratio of 14.69 and a beta of 1.33.

Institutional Trading of iShares Mortgage Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in REM. Miller Global Investments LLC bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter valued at about $26,000. Global Retirement Partners LLC grew its stake in iShares Mortgage Real Estate ETF by 64.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,289 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares in the last quarter. Purpose Unlimited Inc. bought a new position in iShares Mortgage Real Estate ETF in the 4th quarter worth about $35,000. Sound Income Strategies LLC purchased a new position in shares of iShares Mortgage Real Estate ETF during the fourth quarter worth approximately $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of iShares Mortgage Real Estate ETF during the third quarter worth approximately $58,000.

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.