Clarity Financial LLC Has $4.47 Million Stake in iShares Mortgage Real Estate ETF (BATS:REM)

Clarity Financial LLC boosted its holdings in iShares Mortgage Real Estate ETF (BATS:REM) by 91.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,292 shares of the company’s stock after purchasing an additional 99,699 shares during the period. Clarity Financial LLC owned about 0.78% of iShares Mortgage Real Estate ETF worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares Mortgage Real Estate ETF Trading Up 2.2 %

Shares of REM opened at $22.31 on Friday. The company has a market cap of $600.14 million, a P/E ratio of 6.41 and a beta of 1.30. The company has a 50 day moving average price of $22.07 and a 200-day moving average price of $22.89.

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.