AE Wealth Management LLC lifted its stake in iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 16.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,697 shares of the company’s stock after buying an additional 46,856 shares during the period. AE Wealth Management LLC owned approximately 3.76% of iShares CMBS ETF worth $15,526,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in iShares CMBS ETF by 43.6% in the second quarter. Cullen Frost Bankers Inc. now owns 1,654 shares of the company’s stock valued at $78,000 after purchasing an additional 502 shares during the last quarter. Gradient Investments LLC boosted its holdings in iShares CMBS ETF by 356.8% in the second quarter. Gradient Investments LLC now owns 1,978 shares of the company’s stock valued at $93,000 after purchasing an additional 1,545 shares during the last quarter. LexAurum Advisors LLC purchased a new position in iShares CMBS ETF in the first quarter valued at about $210,000. Csenge Advisory Group purchased a new position in iShares CMBS ETF in the first quarter valued at about $230,000. Finally, Horizon Financial Services LLC purchased a new position in iShares CMBS ETF in the first quarter valued at about $331,000.
iShares CMBS ETF Price Performance
Shares of CMBS opened at $48.67 on Friday. The stock has a 50-day moving average price of $48.00 and a 200 day moving average price of $47.10. iShares CMBS ETF has a one year low of $44.19 and a one year high of $49.17.
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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