iShares Mortgage Real Estate ETF (BATS:REM) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC cut its stake in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 41.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,685 shares of the company’s stock after selling 6,241 shares during the quarter. AlphaCentric Advisors LLC’s holdings in iShares Mortgage Real Estate ETF were worth $185,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in iShares Mortgage Real Estate ETF by 25.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,100 shares of the company’s stock worth $382,000 after purchasing an additional 3,300 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of iShares Mortgage Real Estate ETF in the third quarter worth approximately $368,000. Private Advisor Group LLC raised its holdings in shares of iShares Mortgage Real Estate ETF by 144.8% during the third quarter. Private Advisor Group LLC now owns 48,869 shares of the company’s stock valued at $1,160,000 after acquiring an additional 28,905 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of iShares Mortgage Real Estate ETF by 12.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 59,281 shares of the company’s stock valued at $1,266,000 after acquiring an additional 6,784 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in iShares Mortgage Real Estate ETF by 24.3% in the 3rd quarter. Stifel Financial Corp now owns 15,761 shares of the company’s stock worth $374,000 after purchasing an additional 3,085 shares during the period.

iShares Mortgage Real Estate ETF Stock Performance

Shares of BATS:REM opened at $23.27 on Monday. The firm’s 50-day moving average price is $21.98 and its two-hundred day moving average price is $22.79. The firm has a market cap of $625.96 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.