Advisory Alpha LLC trimmed its position in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,046 shares of the company’s stock after selling 3,365 shares during the period. Advisory Alpha LLC’s holdings in iShares CMBS ETF were worth $1,985,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CMBS. Redhawk Wealth Advisors Inc. bought a new position in iShares CMBS ETF in the third quarter valued at approximately $11,158,000. State of New Jersey Common Pension Fund D increased its stake in shares of iShares CMBS ETF by 40.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 521,932 shares of the company’s stock valued at $25,538,000 after purchasing an additional 150,000 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of iShares CMBS ETF during the 3rd quarter worth $3,086,000. Goldstone Financial Group LLC bought a new position in shares of iShares CMBS ETF in the third quarter worth about $1,156,000. Finally, Central Bank & Trust Co. boosted its position in iShares CMBS ETF by 13.3% in the third quarter. Central Bank & Trust Co. now owns 197,116 shares of the company’s stock valued at $9,645,000 after buying an additional 23,072 shares in the last quarter.
iShares CMBS ETF Stock Performance
Shares of CMBS stock opened at $47.41 on Wednesday. iShares CMBS ETF has a twelve month low of $45.76 and a twelve month high of $49.17. The stock’s fifty day simple moving average is $47.40 and its 200 day simple moving average is $47.74.
iShares CMBS ETF Profile
The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.
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