Mid American Wealth Advisory Group Inc. Has $3.69 Million Stake in iShares Mortgage Real Estate ETF (BATS:REM)

Mid American Wealth Advisory Group Inc. lowered its position in iShares Mortgage Real Estate ETF (BATS:REM) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,918 shares of the company’s stock after selling 6,566 shares during the period. iShares Mortgage Real Estate ETF comprises 2.2% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 17th largest position. Mid American Wealth Advisory Group Inc.’s holdings in iShares Mortgage Real Estate ETF were worth $3,692,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Mortgage Real Estate ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 433,741 shares of the company’s stock worth $9,612,000 after acquiring an additional 15,571 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in iShares Mortgage Real Estate ETF by 21.1% during the 2nd quarter. Bridges Investment Management Inc. now owns 47,005 shares of the company’s stock valued at $1,042,000 after purchasing an additional 8,188 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 1,099 shares during the period. NBC Securities Inc. lifted its holdings in shares of iShares Mortgage Real Estate ETF by 25.4% during the third quarter. NBC Securities Inc. now owns 11,792 shares of the company’s stock worth $279,000 after buying an additional 2,385 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of iShares Mortgage Real Estate ETF by 78.5% in the third quarter. Raymond James & Associates now owns 115,171 shares of the company’s stock valued at $2,733,000 after buying an additional 50,642 shares in the last quarter.

iShares Mortgage Real Estate ETF Price Performance

Shares of BATS:REM traded down $0.49 during trading on Monday, reaching $20.83. 497,117 shares of the company traded hands. The company has a market capitalization of $560.33 million, a price-to-earnings ratio of 6.41 and a beta of 1.30. The business’s 50 day moving average price is $22.36 and its 200 day moving average price is $22.97.

iShares Mortgage Real Estate ETF Company 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.