15,494 Shares in iShares Mortgage Real Estate ETF (BATS:REM) Purchased by Jane Street Group LLC

Jane Street Group LLC purchased a new position in shares of iShares Mortgage Real Estate ETF (BATS:REM) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 15,494 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds also recently modified their holdings of REM. Farther Finance Advisors LLC bought a new stake in shares of iShares Mortgage Real Estate ETF during the 3rd quarter valued at $29,000. Rockefeller Capital Management L.P. bought a new stake in shares of iShares Mortgage Real Estate ETF in the 3rd quarter valued at $273,000. NBC Securities Inc. increased its position in shares of iShares Mortgage Real Estate ETF by 25.4% in the 3rd quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock valued at $279,000 after buying an additional 2,385 shares in the last quarter. AlphaCentric Advisors LLC increased its position in shares of iShares Mortgage Real Estate ETF by 5.3% in the 3rd quarter. AlphaCentric Advisors LLC now owns 14,926 shares of the company’s stock valued at $354,000 after buying an additional 745 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Mortgage Real Estate ETF by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,086 shares of the company’s stock valued at $356,000 after buying an additional 1,099 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Performance

REM opened at $21.32 on Thursday. The company has a 50 day moving average price of $22.40 and a two-hundred day moving average price of $22.98. The company has a market cap of $573.37 million, a PE 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.