Sumitomo Mitsui Financial Group Inc. Purchases 2,181 Shares of iShares Mortgage Real Estate ETF (BATS:REM)

Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of iShares Mortgage Real Estate ETF (BATS:REM) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,223 shares of the company’s stock after purchasing an additional 2,181 shares during the period. Sumitomo Mitsui Financial Group Inc. owned about 0.05% of iShares Mortgage Real Estate ETF worth $304,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in shares of iShares Mortgage Real Estate ETF by 30.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,088,306 shares of the company’s stock worth $23,235,000 after buying an additional 254,914 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in iShares Mortgage Real Estate ETF by 5.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 478,667 shares of the company’s stock worth $10,220,000 after acquiring an additional 24,460 shares in the last quarter. Clarity Financial LLC raised its stake in iShares Mortgage Real Estate ETF by 91.0% during the fourth quarter. Clarity Financial LLC now owns 209,292 shares of the company’s stock worth $4,468,000 after acquiring an additional 99,699 shares in the last quarter. Barry Investment Advisors LLC lifted its holdings in shares of iShares Mortgage Real Estate ETF by 0.9% in the fourth quarter. Barry Investment Advisors LLC now owns 142,732 shares of the company’s stock worth $3,047,000 after acquiring an additional 1,241 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its stake in shares of iShares Mortgage Real Estate ETF by 135.6% in the 4th quarter. Drive Wealth Management LLC now owns 99,396 shares of the company’s stock valued at $2,122,000 after purchasing an additional 57,202 shares in the last quarter.

iShares Mortgage Real Estate ETF Stock Down 4.9 %

Shares of iShares Mortgage Real Estate ETF stock opened at $20.72 on Monday. The company has a market cap of $600.88 million, a price-to-earnings ratio of 10.71 and a beta of 1.38. The firm’s 50-day moving average is $22.84 and its 200 day moving average is $22.66.

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.