Future Financial Wealth Managment LLC Sells 3,000 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Future Financial Wealth Managment LLC trimmed its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,900 shares of the company’s stock after selling 3,000 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in iShares Mortgage Real Estate ETF were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of iShares Mortgage Real Estate ETF during the 3rd quarter worth approximately $29,000. Rockefeller Capital Management L.P. bought a new position in iShares Mortgage Real Estate ETF during the third quarter worth $273,000. NBC Securities Inc. grew its holdings in iShares Mortgage Real Estate ETF by 25.4% in the third quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after purchasing an additional 2,385 shares during the period. AlphaCentric Advisors LLC increased its stake in iShares Mortgage Real Estate ETF by 5.3% in the third quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock valued at $354,000 after purchasing an additional 745 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Mortgage Real Estate ETF by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after purchasing an additional 1,099 shares during the period.

iShares Mortgage Real Estate ETF Price Performance

iShares Mortgage Real Estate ETF stock traded down $0.49 during midday trading on Monday, reaching $20.83. The stock had a trading volume of 497,117 shares. The business has a 50 day moving average price of $22.36 and a two-hundred day moving average price of $22.97. The company has a market cap of $560.33 million, a P/E ratio of 6.41 and a beta of 1.30.

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.