Bright Futures Wealth Management LLC. Takes Position in iShares Mortgage Real Estate ETF (BATS:REM)

Bright Futures Wealth Management LLC. acquired a new stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,328 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James & Associates lifted its position in iShares Mortgage Real Estate ETF by 24.6% during the fourth quarter. Raymond James & Associates now owns 12,116 shares of the company’s stock valued at $286,000 after purchasing an additional 2,392 shares during the period. International Assets Investment Management LLC acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $70,000. ORG Partners LLC acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $48,000. Choreo LLC acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $2,152,000. Finally, Kestra Private Wealth Services LLC acquired a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at $215,000.

iShares Mortgage Real Estate ETF Stock Down 0.8 %

Shares of iShares Mortgage Real Estate ETF stock traded down $0.19 during trading hours on Friday, reaching $23.07. The stock had a trading volume of 335,240 shares. The company’s fifty day simple moving average is $22.73 and its 200 day simple moving average is $22.55. The stock has a market cap of $620.58 million, a price-to-earnings 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.