RFG Advisory LLC, a financial advisory firm, recently made a significant move by acquiring a new stake in the iShares Mortgage Real Estate ETF (REM). This acquisition, disclosed in the company’s second-quarter report to the Securities and Exchange Commission (SEC), involved the purchase of 9,097 shares of REM stock, valued at approximately $202,000. This strategic investment reflects RFG Advisory LLC’s confidence in the potential growth and performance of the iShares Mortgage Real Estate ETF.
In addition to RFG Advisory LLC, other hedge funds have also made notable changes to their positions in the iShares Mortgage Real Estate ETF. Raymond James & Associates, for example, increased its stake in REM by 24.6% during the fourth quarter, now owning 12,116 shares of the company’s stock. International Assets Investment Management LLC and ORG Partners LLC also acquired new stakes in REM, further diversifying the investor base of the iShares Mortgage Real Estate ETF.
The iShares Mortgage Real Estate ETF stock has shown resilience and stability in the market, opening at $22.90 on Wednesday. With a fifty-day moving average price of $22.80 and a 200-day moving average price of $22.53, REM has demonstrated consistent performance. The company boasts a market capitalization of $616.01 million, a price-to-earnings ratio of 6.41, and a beta of 1.30, indicating its strong position in the real estate investment market.
The iShares Mortgage Real Estate ETF, managed by BlackRock, is based on the FTSE Nareit All Mortgage Capped index, a market-cap-weighted index of residential and commercial mortgage real estate investment trusts (REITs). Launched on May 1, 2007, REM provides investors with exposure to the mortgage real estate sector, offering a diversified portfolio of REITs. This ETF is designed to track the performance of the mortgage real estate market, providing investors with a convenient and efficient way to access this specific sector.
Overall, the iShares Mortgage Real Estate ETF has garnered attention from various investors, including financial advisory firms like RFG Advisory LLC. With a focus on the mortgage real estate market and a track record of stable performance, REM continues to attract investors seeking exposure to this sector. As the real estate market evolves and adapts to changing economic conditions, the iShares Mortgage Real Estate ETF remains a valuable investment option for those looking to diversify their portfolios and capitalize on opportunities in the real estate sector.