Schmidt P J Investment Management Inc. acquired a new position in iShares CMBS ETF (NYSEARCA:CMBS – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 103,512 shares of the company’s stock, valued at approximately $4,894,000. Schmidt P J Investment Management Inc. owned about 1.11% of iShares CMBS ETF as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CMBS. Arvest Investments Inc. purchased a new stake in iShares CMBS ETF in the third quarter valued at approximately $24,744,000. Central Bank & Trust Co. acquired a new position in iShares CMBS ETF in the 3rd quarter worth approximately $9,201,000. Cetera Investment Advisers raised its position in iShares CMBS ETF by 15.5% during the 1st quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock worth $7,476,000 after buying an additional 20,631 shares during the last quarter. Krilogy Financial LLC lifted its stake in iShares CMBS ETF by 3.0% during the 3rd quarter. Krilogy Financial LLC now owns 75,129 shares of the company’s stock valued at $3,563,000 after acquiring an additional 2,173 shares during the period. Finally, Hidden Cove Wealth Management LLC acquired a new stake in iShares CMBS ETF during the 3rd quarter valued at approximately $2,613,000.
iShares CMBS ETF Stock Up 0.1%
CMBS stock opened at $47.76 on Thursday. The firm’s fifty day simple moving average is $47.65 and its 200-day simple moving average is $48.49. iShares CMBS ETF has a 12 month low of $47.09 and a 12 month high of $49.89.
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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