Cynosure Group LLC Raises Stake in iShares Mortgage Real Estate ETF $REM

Cynosure Group LLC increased its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 25.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,494 shares of the company’s stock after buying an additional 33,231 shares during the period. Cynosure Group LLC’s holdings in iShares Mortgage Real Estate ETF were worth $3,453,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of iShares Mortgage Real Estate ETF by 239.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,528 shares of the company’s stock valued at $33,000 after acquiring an additional 1,078 shares during the period. Endowment Wealth Management Inc. purchased a new position in iShares Mortgage Real Estate ETF in the second quarter valued at approximately $205,000. Goldman Sachs Group Inc. lifted its stake in iShares Mortgage Real Estate ETF by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 10,956 shares of the company’s stock valued at $246,000 after purchasing an additional 1,511 shares during the last quarter. IFP Advisors Inc grew its holdings in iShares Mortgage Real Estate ETF by 583.2% during the first quarter. IFP Advisors Inc now owns 11,519 shares of the company’s stock valued at $258,000 after purchasing an additional 9,833 shares during the period. Finally, Advyzon Investment Management LLC grew its holdings in iShares Mortgage Real Estate ETF by 4.3% during the first quarter. Advyzon Investment Management LLC now owns 14,390 shares of the company’s stock valued at $323,000 after purchasing an additional 594 shares during the period.

iShares Mortgage Real Estate ETF Stock Performance

Shares of REM opened at $22.12 on Friday. The company has a market capitalization of $570.70 million, a price-to-earnings ratio of 14.69 and a beta of 1.33. The company has a 50-day moving average price of $22.11 and a two-hundred day moving average price of $21.94.

iShares Mortgage Real Estate ETF 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.