Brookstone Capital Management, a financial management firm, recently made a significant change to its holdings by reducing its stake in the iShares Mortgage Real Estate ETF (REM). According to their filing with the Securities and Exchange Commission (SEC), Brookstone Capital Management sold 3,606 shares of REM in the 2nd quarter, resulting in a 9.0% decrease in their holdings. As a result, the firm now owns 36,644 shares of REM, valued at approximately $889,000 at the end of the reporting period.
This move by Brookstone Capital Management is part of a larger trend among investors adjusting their positions in REM. Other notable investors who have made changes to their holdings in REM include Principal Securities Inc., Bfsg LLC, Mather Group LLC, International Assets Investment Management LLC, and BTS Asset Management Inc. These investors have either purchased new stakes in REM or increased their existing positions in the ETF.
Despite these changes in holdings, REM has seen positive trading activity, with shares trading up 0.5% on Monday. The ETF opened at $23.32 and has a market cap of $627.31 million. REM has a price-to-earnings ratio of 6.41 and a beta of 1.30. The 50-day and 200-day simple moving averages for REM are $22.84 and $22.53, respectively.
The iShares Mortgage Real Estate ETF (REM) is an exchange-traded fund that tracks the FTSE Nareit All Mortgage Capped index, which is a market-cap-weighted index of residential and commercial mortgage real estate investment trusts (REITs). REM was launched on May 1, 2007, and is managed by BlackRock, a leading asset management firm.
Investors interested in learning more about REM and its holdings can visit HoldingsChannel.com to access the latest 13F filings and insider trades related to the ETF. By staying informed about the activities of hedge funds and other institutional investors, individuals can make more informed decisions about their own investment strategies.
In conclusion, the recent changes in holdings by Brookstone Capital Management and other investors reflect the dynamic nature of the financial markets. Despite fluctuations in holdings, REM continues to show positive trading activity, indicating investor confidence in the ETF. By staying informed and monitoring market trends, investors can navigate the ever-changing landscape of the financial industry effectively.