First Trust Advisors LP trimmed its position in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 30.7% during the 1st quarter, Holdings Channel reports. The fund owned 28,453 shares of the company’s stock after selling 12,623 shares during the period. First Trust Advisors LP’s holdings in iShares CMBS ETF were worth $1,387,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CMBS. UBS Group AG increased its position in iShares CMBS ETF by 23.7% in the fourth quarter. UBS Group AG now owns 541,908 shares of the company’s stock worth $26,597,000 after purchasing an additional 103,731 shares during the last quarter. Hyundai Investments Co. Ltd. purchased a new stake in iShares CMBS ETF during the fourth quarter valued at $577,000. Prudential PLC bought a new position in iShares CMBS ETF during the fourth quarter valued at $9,541,000. AE Wealth Management LLC lifted its position in iShares CMBS ETF by 13.7% during the fourth quarter. AE Wealth Management LLC now owns 490,546 shares of the company’s stock valued at $24,076,000 after purchasing an additional 59,023 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of iShares CMBS ETF by 24.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 79,107 shares of the company’s stock worth $3,883,000 after buying an additional 15,528 shares in the last quarter.
iShares CMBS ETF Price Performance
Shares of NYSEARCA:CMBS opened at $48.19 on Monday. The firm has a fifty day simple moving average of $48.44 and a two-hundred day simple moving average of $48.80. iShares CMBS ETF has a 52 week low of $48.01 and a 52 week high of $50.09.
About iShares CMBS ETF
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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