Park Avenue Securities LLC acquires shares in iShares Mortgage Real Estate ETF (BATS:REM)

Park Avenue Securities LLC increased its holdings in iShares Mortgage Real Estate ETF (BATS:REM – Free Report) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC on Form 13F. The fund owned 27,167 shares of the company’s stock after purchasing an additional 1,163 shares during the quarter. Park Avenue Securities LLC owned about 0.10% of iShares Mortgage Real Estate ETF worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their holdings in the company. Raymond James & Associates increased its holdings in shares of iShares Mortgage Real Estate ETF by 24.6% in 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 in the last quarter. International Assets Investment Management LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at about $70,000. ORG Partners LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at about $48,000. Choreo LLC acquired a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at about $2,152,000. Finally, Kestra Private Wealth Services LLC acquired a new position in iShares Mortgage Real Estate ETF during the 4th quarter valued at approximately $215,000.

iShares Mortgage Real Estate ETF shares down 0.1%

REM opened at $23.05 on Friday. The company has a market cap of $620.05 million, a P/E ratio of 6.41 and a beta of 1.30. The company has a 50-day moving average of $22.79 and a 200-day moving average of $22.54.

Profile of iShares Mortgage Real Estate ETF

(Free report)

The iShares Mortgage Real Estate Capped ETF (REM) is an exchange-traded fund that tracks the FTSE Nareit All Mortgage Capped Index, a market capitalization-weighted index of residential and commercial mortgage REITs. REM was launched on May 1, 2007 and is managed by BlackRock.