Thrivent Financial for Lutherans Cuts Holdings in iShares Mortgage Real Estate ETF (BATS:REM)

Thrivent Financial for Lutherans trimmed its position in iShares Mortgage Real Estate ETF (BATS:REM) by 11.5% in the fourth quarter, HoldingsChannel reports. The firm owned 74,117 shares of the company’s stock after selling 9,607 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares Mortgage Real Estate ETF were worth $1,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REM. IFP Advisors Inc grew its stake in iShares Mortgage Real Estate ETF by 179.6% in the 4th quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock valued at $36,000 after purchasing an additional 1,083 shares during the period. J.W. Cole Advisors Inc. bought a new position in iShares Mortgage Real Estate ETF during the fourth quarter valued at about $215,000. Rockefeller Capital Management L.P. purchased a new stake in iShares Mortgage Real Estate ETF during the third quarter worth about $273,000. Advyzon Investment Management LLC bought a new stake in iShares Mortgage Real Estate ETF in the fourth quarter worth about $295,000. Finally, Silver Oak Securities Incorporated purchased a new position in iShares Mortgage Real Estate ETF in the fourth quarter valued at about $312,000.

iShares Mortgage Real Estate ETF Stock Down 1.8 %

iShares Mortgage Real Estate ETF stock opened at $22.13 on Monday. The company has a market cap of $641.63 million, a P/E ratio of 11.05 and a beta of 1.73. The company’s fifty day moving average is $22.80 and its 200 day moving average is $22.73.

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.