Kovitz Investment Group Partners LLC Takes $3.62 Million Position in iShares Mortgage Real Estate ETF $REM

Kovitz Investment Group Partners LLC bought a new stake in iShares Mortgage Real Estate ETF (BATS:REM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 163,402 shares of the company’s stock, valued at approximately $3,624,000.

Other institutional investors also recently bought and sold shares of the company. Man Group plc purchased a new position in iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $3,409,000. Cetera Investment Advisers boosted its stake in shares of iShares Mortgage Real Estate ETF by 21.6% during the fourth quarter. Cetera Investment Advisers now owns 78,546 shares of the company’s stock valued at $1,742,000 after purchasing an additional 13,972 shares during the period. Osaic Holdings Inc. boosted its stake in shares of iShares Mortgage Real Estate ETF by 0.4% during the fourth quarter. Osaic Holdings Inc. now owns 391,479 shares of the company’s stock valued at $8,683,000 after purchasing an additional 1,635 shares during the period. Captrust Financial Advisors grew its holdings in shares of iShares Mortgage Real Estate ETF by 3.7% in the fourth quarter. Captrust Financial Advisors now owns 34,255 shares of the company’s stock worth $760,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of iShares Mortgage Real Estate ETF by 14.8% in the fourth quarter. Royal Bank of Canada now owns 98,004 shares of the company’s stock worth $2,173,000 after purchasing an additional 12,645 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS REM opened at $21.45 on Friday. The firm’s fifty day moving average is $22.19 and its 200 day moving average is $22.35. iShares Mortgage Real Estate ETF has a 52 week low of $20.41 and a 52 week high of $24.05. The company has a market cap of $553.41 million, a price-to-earnings ratio of 14.69 and a beta of 1.33.

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.