iShares Mortgage Real Estate ETF (BATS:REM) Reaches New 1-Year Low – What’s Next?

Shares of iShares Mortgage Real Estate ETF (BATS:REM) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $20.04 and last traded at $20.13, with a volume of 39000 shares traded. The stock had previously closed at $20.67.

iShares Mortgage Real Estate ETF Price Performance

The company has a 50 day moving average of $21.73 and a 200-day moving average of $21.88. The company has a market cap of $509.29 million, a P/E ratio of 14.69 and a beta of 1.33.

Institutional Trading of iShares Mortgage Real Estate ETF

A number of large investors have recently modified their holdings of REM. Endowment Wealth Management Inc. raised its position in shares of iShares Mortgage Real Estate ETF by 4.7% in the 4th quarter. Endowment Wealth Management Inc. now owns 12,487 shares of the company’s stock worth $277,000 after acquiring an additional 564 shares in the last quarter. Balefire LLC boosted its position in shares of iShares Mortgage Real Estate ETF by 0.3% during the first quarter. Balefire LLC now owns 208,793 shares of the company’s stock valued at $4,483,000 after purchasing an additional 609 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in iShares Mortgage Real Estate ETF by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 25,221 shares of the company’s stock worth $541,000 after purchasing an additional 741 shares during the period. Arlington Capital Management Inc. grew its stake in iShares Mortgage Real Estate ETF by 2.4% in the first quarter. Arlington Capital Management Inc. now owns 47,214 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,105 shares during the period. Finally, First PREMIER Bank bought a new position in iShares Mortgage Real Estate ETF in the second quarter worth $34,000.

About iShares Mortgage Real Estate ETF

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.