ORG Partners LLC Invests $48,000 in iShares Mortgage Real Estate ETF (BATS:REM)

ORG Partners LLC acquired a new position in iShares Mortgage Real Estate ETF (BATS:REM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,041 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds have also recently made changes to their positions in REM. Sanctuary Wealth Management L.L.C. bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter valued at $28,000. Tower Research Capital LLC TRC bought a new stake in iShares Mortgage Real Estate ETF during the 2nd quarter valued at $39,000. International Assets Investment Management LLC bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter valued at $70,000. Money Concepts Capital Corp bought a new stake in iShares Mortgage Real Estate ETF during the 4th quarter valued at $71,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in iShares Mortgage Real Estate ETF by 53.5% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 4,646 shares of the company’s stock valued at $104,000 after buying an additional 1,619 shares during the last quarter.

iShares Mortgage Real Estate ETF Stock Down 1.4 %

BATS:REM opened at $21.45 on Tuesday. The firm’s 50 day moving average price is $22.31 and its two-hundred day moving average price is $22.38. The company has a market cap of $579.15 million, a price-to-earnings ratio of 6.39 and a beta of 1.35.

About iShares Mortgage Real Estate ETF

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.