iShares Mortgage Real Estate ETF (BATS:REM – Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $19.56 and last traded at $19.6740, with a volume of 1160327 shares. The stock had previously closed at $19.58.
iShares Mortgage Real Estate ETF Stock Up 0.6%
The company has a market capitalization of $508.11 million, a P/E ratio of 14.69 and a beta of 1.33. The firm’s 50-day moving average price is $21.63 and its 200 day moving average price is $21.84.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in iShares Mortgage Real Estate ETF during the first quarter worth $12,703,000. Bank of America Corp DE boosted its holdings in iShares Mortgage Real Estate ETF by 6.2% during the first quarter. Bank of America Corp DE now owns 584,319 shares of the company’s stock worth $12,545,000 after purchasing an additional 34,299 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in iShares Mortgage Real Estate ETF by 2.3% during the first quarter. AdvisorNet Financial Inc now owns 288,470 shares of the company’s stock worth $6,193,000 after purchasing an additional 6,577 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in iShares Mortgage Real Estate ETF in the 4th quarter worth about $5,841,000. Finally, Balefire LLC increased its stake in iShares Mortgage Real Estate ETF by 0.3% in the 1st quarter. Balefire LLC now owns 208,793 shares of the company’s stock valued at $4,483,000 after buying an additional 609 shares during the last quarter.
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.
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