Park Avenue Securities LLC recently increased its stake in the iShares Mortgage Real Estate ETF (REM) by 4.5% in the 2nd quarter, according to a recent Form 13F filing with the SEC. The firm now owns 27,167 shares of the company’s stock, valued at $602,000 after purchasing an additional 1,163 shares during the quarter. This move indicates a growing interest in the real estate sector among institutional investors.
Raymond James & Associates also boosted its stake in REM by 24.6% in the 4th quarter, now owning 12,116 shares worth $286,000. Other institutional investors, such as International Assets Investment Management LLC, ORG Partners LLC, Choreo LLC, and Kestra Private Wealth Services LLC, have also recently acquired positions in the iShares Mortgage Real Estate ETF, showing a trend of increased interest in this particular sector.
Despite the growing interest from institutional investors, REM’s stock saw a slight decline of 0.1% on Friday, opening at $23.05. The ETF has a market capitalization of $620.05 million, a PE ratio of 6.41, and a beta of 1.30. Its 50-day simple moving average is $22.79, while its 200-day simple moving average is $22.54.
The iShares Mortgage Real Estate Capped ETF (REM) is based on the FTSE Nareit All Mortgage Capped index, which is a market-cap-weighted index of residential and commercial mortgage REITs. Launched on May 1, 2007, REM is managed by BlackRock, a leading investment management firm. This ETF provides investors with exposure to the real estate sector, specifically focusing on mortgage-related investments.
In conclusion, the iShares Mortgage Real Estate ETF has garnered increased attention from institutional investors, as evidenced by recent stake increases and new positions taken by various firms. Despite a slight dip in its stock price, REM remains an attractive option for investors looking to diversify their portfolios with exposure to the real estate market. As the sector continues to evolve, ETFs like REM offer a convenient way for investors to access this market and potentially benefit from its growth.