Choreo LLC Invests $2.15 Million in iShares Mortgage Real Estate ETF (BATS:REM)

Choreo LLC acquired a new stake in iShares Mortgage Real Estate ETF (BATS:REM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 91,241 shares of the company’s stock, valued at approximately $2,152,000. Choreo LLC owned 0.32% of iShares Mortgage Real Estate ETF at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of REM. Qube Research & Technologies Ltd bought a new position in iShares Mortgage Real Estate ETF in the 3rd quarter worth about $1,993,000. Raymond James & Associates lifted its stake in 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 worth $286,000 after purchasing an additional 2,392 shares during the last quarter. Invst LLC grew its stake in shares of iShares Mortgage Real Estate ETF by 115.8% during the third quarter. Invst LLC now owns 61,869 shares of the company’s stock valued at $1,382,000 after buying an additional 33,205 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of iShares Mortgage Real Estate ETF by 33.2% in the third quarter. Wealthfront Advisers LLC now owns 14,501 shares of the company’s stock worth $324,000 after buying an additional 3,611 shares during the period. Finally, Mariner LLC lifted its stake in shares of iShares Mortgage Real Estate ETF by 22.2% in the 3rd quarter. Mariner LLC now owns 38,685 shares of the company’s stock valued at $864,000 after acquiring an additional 7,022 shares during the last quarter.

iShares Mortgage Real Estate ETF Trading Up 0.2 %

REM opened at $22.29 on Tuesday. The stock’s 50-day moving average is $22.32 and its 200 day moving average is $22.40. The company has a market cap of $601.83 million, a price-to-earnings ratio of 6.39 and a beta of 1.35.

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.