AXS Investments LLC Makes New $826,000 Investment in iShares Mortgage Real Estate ETF (BATS:REM)

AXS Investments LLC purchased a new position in iShares Mortgage Real Estate ETF (BATS:REM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 35,000 shares of the company’s stock, valued at approximately $826,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in iShares Mortgage Real Estate ETF in the 4th quarter worth approximately $26,000. ORG Partners LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $48,000. International Assets Investment Management LLC acquired a new position in shares of iShares Mortgage Real Estate ETF in the 4th quarter valued at approximately $70,000. Sumitomo Mitsui Financial Group Inc. raised its position in shares of iShares Mortgage Real Estate ETF by 53.5% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 4,646 shares of the company’s stock valued at $104,000 after purchasing an additional 1,619 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at approximately $134,000.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM traded up $0.10 during trading on Friday, reaching $22.19. The company’s stock had a trading volume of 225,586 shares. The business’s fifty day moving average price is $22.49 and its two-hundred day moving average price is $22.69. The company has a market cap of $596.91 million, a P/E ratio of 6.41 and a beta of 1.30.

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.