Bank of New York Mellon Corp Takes Position in iShares Mortgage Real Estate ETF $REM

Bank of New York Mellon Corp purchased a new stake in iShares Mortgage Real Estate ETF (BATS:REM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 591,640 shares of the company’s stock, valued at approximately $12,703,000. Bank of New York Mellon Corp owned 2.29% of iShares Mortgage Real Estate ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of REM. Purpose Unlimited Inc. acquired a new stake in iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $35,000. Sound Income Strategies LLC acquired a new position in iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $38,000. Advisory Services Network LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $58,000. McIlrath & Eck LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the 4th quarter worth approximately $79,000. Finally, Triumph Capital Management acquired a new stake in shares of iShares Mortgage Real Estate ETF in the third quarter valued at approximately $106,000.

iShares Mortgage Real Estate ETF Trading Down 1.2%

iShares Mortgage Real Estate ETF stock opened at $21.50 on Friday. The company has a market cap of $554.70 million, a P/E ratio of 14.69 and a beta of 1.33. The company has a fifty day simple moving average of $21.84 and a 200 day simple moving average of $22.22. iShares Mortgage Real Estate ETF has a 1-year low of $20.41 and a 1-year high of $24.05.

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.