Prevail Innovative Wealth Advisors LLC Acquires New Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Prevail Innovative Wealth Advisors LLC acquired a new stake in iShares Mortgage Real Estate ETF (BATS:REM) in the 4th quarter, Holdings Channel reports. The fund acquired 57,305 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in iShares Mortgage Real Estate ETF during the 3rd quarter valued at $6,051,000. Rockefeller Capital Management L.P. bought a new position in iShares Mortgage Real Estate ETF during the third quarter valued at about $273,000. Stifel Financial Corp grew its holdings in iShares Mortgage Real Estate ETF by 24.3% during the third quarter. Stifel Financial Corp now owns 15,761 shares of the company’s stock worth $374,000 after acquiring an additional 3,085 shares during the period. Jane Street Group LLC bought a new stake in iShares Mortgage Real Estate ETF in the third quarter worth about $368,000. Finally, MML Investors Services LLC lifted its holdings in iShares Mortgage Real Estate ETF by 11.1% in the 3rd quarter. MML Investors Services LLC now owns 88,097 shares of the company’s stock valued at $2,091,000 after acquiring an additional 8,782 shares during the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of REM opened at $22.13 on Friday. The stock has a 50-day simple moving average of $22.80 and a 200 day simple moving average of $22.74. The firm has a market cap of $641.63 million, a PE ratio of 11.05 and a beta of 1.73.

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.